World Financial Group Reviews

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I referred him clients and he did the same to me in my line of work. Now he refuses to leave me alone claiming I owe him money. He is constantly threatening me and my careers. He talks about me on social media and is crossing the lines of defamation of character. I...
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1 comment
#1435372

I am certainly hoping the company caught wind of this they terminate people for far less.

I know someone who got terminated because the company caught him using un approved fliers for an event.

Or even just adding an extra slide to the Presentations.

I’ll make you a promise! I will cuss this guy out if I see him still with the company. I have never heard of him so I’m hoping this matter was solved.

I don’t care if he did what you say he did. One fact is he didn’t treat you well enough to keep you from posting on here.

I’ve been with the company coming up on 5 years now.

I have never had one client hate me. I meet with all of them a couple times a year to maintain the relationship and make changes if necessary.

ID
#1144551 Review #1144551 is a subjective opinion of poster.
Location
Las Vegas, Nevada
Service
World Financial Group Sales Representative
Pros
  • Degrading
Cons
  • Dishonesty
  • Home wreckers
  • Deceptive sales practices
Reason of review
Chris Cobb threatening my livelihood
Loss
$2000
Preferred solution
Fire Him or ask him to leave me alone. I will never recommend anyone to WFG because of him
New Reviewer
World Financial Group - Half-Truths and Outright Lies
Yesterday's anonymous "review" ( #109**** - * Sept 2017) is just another sad example of the endless WFG lies and deceptions. Gimme a break. Of course WFG plugs Transamerica products over all the others. The same company owns WFG and Transamerica! WFG built its...
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10 comments
#1384010

"Anonymos" #138****. You tell us such vague things, your comment is worthless.

You don't even contradict me. Of course an WFG agent will write you a Nationwide, Voya, etc policy. That's better than not making any sale at all, right? But the WFG sales rep-licants sell these other vendors' products only AFTER they heavily flog on you Transamerica's disastrous wealth-destroying FFIUL and they fail at that.

Plus, IULs from the other publicly-traded carriers like Nationwide and Voya are similarly awful and nearly guaranteed to FAIL on you in a few decades, STEALING your death bennie and the $100,000s you dumped into those diabolical black holes.

"Anonymos," these bland airy meaningless things you say: "they will place you with a company that fits your financial need."--"all were completely satisfied"--"properly structured"-- this empty blah-blah of yours tells us absolutely nothing at all of value. To buy an IUL is not like eating at a restaurant where you very quickly realize your satisfaction or lack of it. By contrast, insurance policy clients won't know any better for decades as the slow-fuse time bombs they acquired tick away. They will usually feel a false sense of security that they bought something their clueless and/or unscrupulous WFG agents told them would provide for them in their old age.

Quite the opposite! These poor folks will only learn the terrible truth decades later when they age into their 70s and 80s and their IULs' skyrocketing Cost of Insurance (COI) charges chomp through their cash value, busting flat their IULs and leaving them with absolutely NOTHING.

"Anonymos" we're already seeing class-action lawsuits about this very problem with original Universal Life policies from the 80s. IULs are not substantially different from those original ULs.

Transamerica introduced the first IUL in 1997, 20 years ago. Try to find even *one* IUL that's still alive after only 10 years. I guarantee you won't find this policy!

It is YOU "Anonymos" who must research the facts (not just "your" facts like you say) and educate yourself!

I would, every time, take my chances with 401(k)s and other retirement plans that face a near certain loss of all my money with disastrous Universal Life policies.

Thank you for reading this.

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ID
#1098165 Review #1098165 is a subjective opinion of poster.
Cons
  • Legal scam
  • Fraudulent
Reason of review
Bad quality
Loss
$5000
Preferred solution
Full refund
New Reviewer

My account has not processed yet.

Why my account is not processed yet? My account is wfg i.d. is 55xff. Tracking number is 100****.
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ID
#1092713 Review #1092713 is a subjective opinion of poster.
Location
Johns Creek, Georgia
Product
World Financial Group Account
Reason of review
Order processing issue
I joined WFG thinking that I was truly joining a non-captive financial services agency. Soon, I realized that all of the hoopla about licensing, securities, and product training was secondary to recruit and recruit. Also, the "best training" comes from buying the...
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ID
#1075466 Review #1075466 is a subjective opinion of poster.
Location
Johns Creek, Georgia
Service
World Financial Group Recruiter
Reason of review
Not as described/ advertised
New Reviewer
If a WFG rep pitches this "biz opp" to you and tries to sell you an FFIUL life insurance policy--this MLM's flagship product--please ask him a simple question: "What annual return rate do you illustrate the FFIUL?" That's the rate the FFIUL your agent *estimates* it...
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5 comments
#1687164

I was just amazed how ignorant and stupid some people might be while still trying to pretend they know what they actually have absolutely no idea about. S&P 500 index return is public data and you can find it anywhere online easily.

The average annualized total return for the S&P 500 index was 10.2% over the past 50 years 11.4% over the past 40 years 9.3% over the past 30 years 4.9% over the past 20 years 11.7% over the past 10 years Above return rate is based on S&P 500 index data by December 2018. Yes, the return over the past 20 years was low, 4.9%, mainly because it suffered from 2 major market drops (2000-****, and 2008).

Nowadays even a dog can type and *** online. I'd also like to offer you a preferred solution: get a life and talk about something you actually know.

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ID
#1072269 Review #1072269 is a subjective opinion of poster.
Location
Pleasanton, California
Cons
  • Outright scam
  • Hugely deceptive
Reason of review
Bad quality
Loss
$10000
Preferred solution
Full refund
New Reviewer

World financial group glendale ... run, don't walk away. You're welcome!

I was you have lied to about all aspects of a refinancing by group leader and lost thousands as a result of my trust in that leader. Again,run away. Don't look back, and be sure to look CLOSELY AT ANY TRANSACTION paperwork for any transaction you make with ANYtheir reprsentatives. SAVE yourself! read this review closely and make the rational, objective conclusion thats best for you and your wallet.once again,stay far from this "financial" group.consider this and do whats best now that you know the facts. I wish I had listened when I was told the same thing.A word to the wise should be sufficient.
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4 comments
#1359493

I can! They just ripped me off on the second meeting that I had with them

#1330621

@Dave , +Dave :

Dave, *nope.* You're dead wrong, guy. Whole Life is far superior to IUL.

Whole Life gives you a guaranteed premium. The IUL, which is by FAR the riskiest type of life insurance policy in currency now, doesn't guarantee your premium amount AT ALL. Your premium can SOAR into the many $1,000s per month. The carrier guarantees only a 0--1% crediting floor and sets maximum Cost of Insurance (COI) rates so high that **well over 90% of IUL holders will lapse their policies** in the 60th policy year.

Dave, please don't take my word for it. Search for this PDF file: research-2007-****-us-ind-life-pers-report.

This information comes from no other than the Society of Actuaries, a key supplier to the American insurance industry for almost 130 years.

Thanks for reading.

#1330275

What do you use to back up your response about WFG? Do you have any proof about losing money in just a short time!

Any agent can turn a client towards a bad financial investment! Indexed universal life insurance has a definite "niche" in the life and the financial world.

It is definitely better than whole life products! Please do your homework.

#1330622
@PissedConsumer1330275

Dave, please see my comment above. Thanks

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ID
#1036039 Review #1036039 is a subjective opinion of poster.
Location
Glendale, California
Reason of review
Order processing issue
Loss
$8700
Preferred solution
Deliver product or service ordered
New Reviewer
Taking advantage of a old lady wtf these "people " convinced my semi retired mother to do this sh it ... One year later still no money made she is always in training, webnairs and *** expensive conferences throught USA and Canada. They are like a cult they talk and...
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5 comments
#1304892

I guess for now you could ask your mom to check her bank account, and let her know you won't be paying for whatever debt she might have racked up. It may sound cold but let's hope many people get a reality check when they are aware their wallets are badly hurt.

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ID
#1019127 Review #1019127 is a subjective opinion of poster.
Product
World Financial Group Seminar
Reason of review
Pricing issue
New Reviewer
World Financial Group - WFG is a Great Way to Go BROKE and LOSE FAMILY and FRIENDS
World Financial Group - WFG is a Great Way to Go BROKE and LOSE FAMILY and FRIENDS
Mr/Ms WFG No-name from Nowhere. Please spare us your big fat lie about "many big earners" at WFG. It's total bull cr*p and you know it. Here I give you the straight-up MATH to prove your claim is bullcr*p. Dear Reader. Fact is, in 2015 North Americans were *72 times*...
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58 comments
#1961464

WFG is a big fraud. Agent working are useless.

Don’t have enough knowledge regarding product. We got cheated by our own friend. He was either not knowing about policy or he want to make big commission thats why he did wrong policy. After paying 300$ for 3yrs we now came to know from someone about the policy.

After knowing its of no use for us. He for his own benefit did wrong policy. We cancelled policy.

Lost more than $7200. Please don’t put your hardly earned money in the cheaters pocket.

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ID
#969359 Review #969359 is a subjective opinion of poster.
Cons
  • Awful training
  • Too much recruiting
Reason of review
Bad quality
Loss
$10000
The agent took my mother's investment paperwork to her while she was dying in the hospital and had the beneficiary changed to the agents mothet
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1 comment
#1249224

Did you contact an attorney about this? When did this happen?

In which state/province did this occur? Did you directly confront the agent about this? Did your mother and this agent know each other for a long time?

If so, how long? If you can supply non-identifying details, I may be able to point you in the right direction to seek redress for this.

ID
#963047 Review #963047 is a subjective opinion of poster.
The woman I delt with was a bully. She would make me feel bad anytime I would want to take money out. There was not one time I left her office not crying. It's MY money, I can take it out whenever I want!!! Plus she would lie to me about my investment options in order...
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7 comments
#1244903

Here in Canada they call themselves World System Builder...so as you can see just the name tells you it's more about recruiting agents then actually selling financial products...all about feeding the pyramid!

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ID
#940959 Review #940959 is a subjective opinion of poster.
Location
Calgary, Alberta
Reason of review
Problems with payment

World Financial Group - Review in Financial Services category from Los Angeles, California

Dislike the fact that you have to pay over $130 for a position that they fail to inform you about from the start and that that is money you are not getting back unless you finish a probation period in a unrealistic amount of time and get people to buy "product" from wfg
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2 comments
#1224316

I just went thru the same ***. Im out the exact same amount. I never heard anything aboug the hustle til i was asked for my cc.

#1222049

Consider yourself lucky that $130 is ALL the WFGers ripped off from you.

You could be throwing away many $1000s on one of the truly terrible Universal Life insurance products that this dishonest and deceptive MLM outfit flogs to unsuspecting client-recruit-victims. Especially Transamerica's FFIUL that WFGers sell in the States.

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ID
#930233 Review #930233 is a subjective opinion of poster.
Location
Los Angeles, California
New Reviewer
World Financial Group - Transamerica *KEEPS* Your FFIUL Money When You Die
World Financial Group - Transamerica *KEEPS* Your FFIUL Money When You Die
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...
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22 comments
#1604528

Every cash value policy has different choices and uses,... in other words you and your agent must work hand in hand to custom design a policy.

All cash value policies can be designed to be either 'level', 'increasing' or even 'optimal switch' pogram. So, with all due respect be aware a 'level' option is not exclusive to WFG or Transamerica.

However, I absolutely agree with you, that to have a level death option without the client understanding what this will mean for their cash value, is completely misleading and unconscionable. I am on a cruade to help educate families, so if you or anyone reading this desires to have a second set of eye to evaluate and review their current policy I would be more than happy to be of service.

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ID
#912936 Review #912936 is a subjective opinion of poster.
Location
San Jose, California
Service
Transamerica Life Insurance
Cons
  • Harmful products
  • Deceptive sales practices
Reason of review
Ripoff products
Junior Reviewer
World Financial Group - FFIUL: Transamerica *Keeps* All Your Money When You Die
World Financial Group - FFIUL: Transamerica *Keeps* All Your Money When You Die
World Financial Group - FFIUL: Transamerica *Keeps* All Your Money When You Die
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...
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4 comments
#1579069

I agree on what you said there, what you're talking about is a Level death benefit how do you get that type of insurance is depends on the AGENT that designed it for you. That agent that told you the info does not know other different types of insurance his talking about.

So before you post something like this know your facts first. Why, because you don't know what you don't know.

If the wrong person tell you a wrong info that is what you believe in. I hope you have a great day.

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ID
#912699 Review #912699 is a subjective opinion of poster.
Location
San Jose, California
Cons
  • Harmful products
Reason of review
Bad quality
New Reviewer
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...
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20 comments
#1227520

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.

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ID
#908501 Review #908501 is a subjective opinion of poster.
Location
New Orleans, Louisiana
Cons
  • Bad company
Reason of review
Bad quality
Junior Reviewer
World Financial Group - Buyer BEWARE!
World Financial Group - Buyer BEWARE!
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...
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2 comments
#1390762

This WFG business would be good for someone who may suffer from blind trust in a friend. Know this.

A friend would not use you. Nor would they expect you to sign up for something they have very little knowledge or education of. If they cannot offer a truthful answers to you if you bring up any concerns about the policy, pending lawsuits,etc., but merely dismiss them as "you can't believe what's on the internet", then you know you are not dealing with a friend. You are dealing with a person who has borderline morals,therefore incapable of being a friend.

Yes they may have charm and appear sincere, but if they do not acknowledge your feelings or concerns then you are not of value to them. This is why this business or any MLMs are entirely awful.

It breeds and attracts people who can actually use and manipulate others while appearing on the surface to " care". Be most careful.

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ID
#904228 Review #904228 is a subjective opinion of poster.
Location
San Jose, California
Cons
  • Deceptive information
  • Lose legal rights
Reason of review
Bad quality