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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 will earn each year. It's NOT a guarantee.

He'll tell you: "...7%, 8%, even higher..." Then please ask him one more simple question: "What investment *in our known universe* do you know that'll give you 7% or better for the entire 40, 50, 60 and more years you'll hold your FFIUL?" You'll leave him speechless and struggling. Why? Because folks, there are NO SUCH INVESTMENTS. Nothing on Earth will consistently give you anything NEAR such high returns.

Even the S&P 500's earned less than 6% over the long term. Friends, these two simple questions rips the lid off of WFG's rip-off lie. Simple as that! Now you know the wealth-destroying WFG lie that'll cause you, and the friends and family you sold this money-sucking pig to, to chronically underpay into your FFIULs.

Now you know the wealth-destroying WFG lie that'll cause the FFIUL you bought and also sold to your friends and family, to disappear on you 20 to 30 years from now. Robbing you all our money and leaving you all with NOTHING--neither your death benefits nor the $100,000s you faithfully poured into these diabolical radioactive pigs in pokes. Transamerica wins. WFG Corp wins.

YOU AND YOUR FAMILY AND FRIENDS LOSE BIGLY! Friends. I've been there and done that. So you don't have to.

Please, for the love of Pete, avoid this MLM like the plague it is! Thank you for reading this.

I hope it helps you. Good luck in your future endeavors.

Reason of review: Bad quality.

Monetary Loss: $10000.

Preferred solution: Full refund.

World Financial Group Cons: Hugely deceptive, Outright scam.

Location: 7011 Koll Center Pkwy # 210, Pleasanton, CA 94566, USA

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Guest

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.

Guest

WFG is a Marketing platform, they have no products of their own, but they educate families and people about new products that come out...the S&P did 10.46% in 2016 and in 2015 it did 0.73%

If the Iul is designed properly then you could had overfunded your life insurance policy and partook in the gains and not the loss. The cap is 15% and the floor is .75% not to mention it has living benefits.

Most people who take advantage of these type of policies are banks and large corporations for an example in May 2014 Wells Fargo balance sheet showed 18.7 billion dollars of tier one capital deposited in life insurance cash value.

THE IUL is a life insurance policy, and due to tax code IRC 7702 you don't pay tax, not all permamnet life insurance policies have cash value, the only difference between the permamnet life insurance policies is the % in the cash value, so the IUL is a policy where the cash value is linked to the S&P and you can't lose money due to the floor, so the wealthiest people put in extra Money into their IUL so they can partake in the gains..

If you were to compare the gains of the money in the IUL compared outside the IUL and directly in the market you will see the IUL would of gained 8.01% over the past 20Years, and the S&P you would of gained 5.73%

The IUL wins because of the cap and the floor, if you're invest long term then it just makes sense to get the IUL, but that what's awesome about WFG because we have 1000s of other things besides the IUL. If you want to private message me I'll show you what else we have..

I hope this helped you out abit. WFG is an awesome company, but just like any other company sometimes we have knuckle heads that give our company a bad name..

Vishnu Hhf
reply icon Replying to comment of Guest-1358917

Dear "LET_me-HELP2017." You know nothing. You are completely ignorant.

You lie and mislead like crazy.

Of course WFG has its own products--those from Transamerica. Who cares what the S&P did in only 2 years? What counts is the very long term. IUL buyers expect to hold their policies for 40, 50, 60 years and more.

What investment do you know that will deliver an average of 6%, 7%, 8% and higher for all that time? Right. NONE. No such investment exists.

There's no such thing as "designing properly" an IUL except *maybe* if you illustrate it at 2.5%. Instead of at totally ridiculous fantasyland rates of 6.5% and up like you do, virtually guaranteeing the insured will lose his policy in the years to come.

You talk about "caps and floors." These mean zippedy do-dah. Who cares about a "15% cap" when you never reach anywhere near it? Who cares about a "0.75% floor" when, in your 60s/70s, monstrous skyrocketing Cost of Insurance (COI) fees will chomp through all your FFIUL's cash value and collapse that poor thing anyway?

Causing you to LOSE EVERYTHING--the death bennie and the $100,000s you dumped into it.

Your Wells-Fargo stuff is nonsense. Banks and Corps don't buy IULs. They buy VULs--Variable Universal Life.

VULs are way different than IULs. VULs and IULs are totally different animals.

About "IRC 7702" you're wrong there too. You DO pay tax if you "MECify" your policy, causing you to lose most or all of your living tax bennies.

MEC stands for "Modified Endowment Contract" and the policy's cash value caps are tight and restrictive, forcing you to pay lots of COI charges in your retirement years when you can least afford it. You're virtually guaranteed to lose your FFIUL in 20 to 40 years after you buy it.

You're wrong about Perm Life policies, too. ALL Perm Life policies have a cash value component. And you're totally wrong about "wealthiest people" putting money in IULs.

The wealthy never buy IULs. Like the banks and corps, the wealthiest people buy *only* VULs which gives THEM--not the carrier--control over the policy's investments. You will never ever find an example of a wealthy person buying an IUL. Why?

Because, for the IUL like Transamerica's FFIUL, the insurance carrier controls all the investments. And the carrier invests very conservatively. About S&P 500 gains over the past 20 years, you're totally wrong there too! Just search for "S&P CAGR Moneychimp" and you quickly see that the index's gain over that time is 9.39%, not 5.73% like you claim.

Your claim the IUL gained 8.01% over that same time. That's totally bogus too. You can't know that because nobody's collected that data. Doesn't matter anyway, because we can easily calc it.

Because the carrier invests conservatively--it puts 95% or more of your CV into investment-grade bonds that yield 2--4%, and because of the IUL's huge fees, your IUL will deliver 1--3% *at best.* Dear "LET_me-HELP2017," how bout this? Can you find us even *one* IUL that still exists from when Transamerica issued the first one in 1997? Answer: you won't find it. I guarantee you that.

They've all lapsed. Even in that short two decades. "LET_me-HELP2017." In sum, you know nothing about your products. You know only how to talk a game and how to flog these wealth-destroying disasters to trusting friends and family members folks who are even more ignorant than you.

Thank you for reading this. Hope this helps you and the other readers.

Guest
reply icon Replying to comment of Guest-1358917

Well for the 10th time ...I will buy a FFIUL from you as you guarantee that you will pay the difference in the COI when I hit 80 and the cash value is all gone..Are you the WFG agent that will give me your money and guarantee or is it empty words ..like the other 9?

WFG has no interest in putting my money into the best stocks...WHY?? Because I run out of cash value faster and at age 85 can't afford 60k of COI? In other words it's a win-win for WFG and the customer is left broke without insurance having paid a few hundreds of thousands of dollars.

Guest
reply icon Replying to comment of Guest-1358917

Thank you.

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