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1.1
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World Financial Group review - Big Class-Action Lawsuit against Transamerica’s FFIUL? Can You Join?
Transamerica’s Financial Foundation Indexed Universal Life (FFIUL) policy is WFG’s top life insurance product. It’s the fat-commission policy my upline always pushed me to sell. I worked for WFG and sold many of these FFIUL policies before I learned how little we...
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101 comments
Harry Rollins
#1783102
Financial Expert

According to the World Financial Group reviews on PissedConsumer.com, the company currently has 2.1 out of 5 stars. The rating presented here is based on the feedback offered by customers in 136 different World Financial Group reviews.

The PissedConsumer statistics also indicate that a majority of reviews are 1-star (87 out of 136 reviews) and 5-star (31 out of 1365 reviews). Customers are not satisfied with a pyramid scheme, dishonesty and lack of product training for new trainees. However, customers like good mentorship and knowledge of the product. You may find more information about the World Financial Group in the 'Top World Financial Group Question: Is WFG a Scam?' article.

You may send your comments regarding the World Financial Group staff and services to the company headquarters: World Financial Group 11315 Johns Creek Parkway, Johns Creek, Georgia 30097-1517 United States.

You may also share your experience with World Financial Group customers as well as the company top management by posting your comments via the company social networks.

All contact information is available on the World Financial Group Contacts tab on the Pissed Consumer website.

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Review
#892272 Review #892272 is a subjective opinion of poster.
Cons
  • Many risks
  • Few guarantees
  • Expensive
Reason of review
Bad quality
Loss
$5000
Tags
  • Iul
  • Transamerica Ffiul
  • Indexed Universal Life
World Financial Group review - Why the FFIUL--WFG’s Flagship Policy--is a *Disaster*
Please see attached the chart page from a Transamerica Financial Foundation Indexed Universal Life (FFIUL) policy. A California WFG agent sold this policy to a client earlier this year. Transamerica buries this very important chart deep down in its policy paperwork....
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174 comments
Anonymous
#1780403

This is an old post but continues to mislead many people regarding the Transamerica FFIUL. The Cost of Insurance (COI) chart that is in this post is related to the COI at the time of issue.

It does not reflect the COI as the policy owner ages; this COI is built into the illustration (i.e. a table that shows the premiums paid, cash accumulation, and death benefit for the life of the policy), that is provided by the insurance agent. For example: When an 85 year old is provided an illustration for a $500K IUL policy, the annual COI is (using the above math) = $9.98583 x 6000 = **$59,914.98** . This is correct, and when I illustrated this scenario, the annual required premium is actually close to $85K with the remainder going into the Cash Accumulation.

This makes sense because insuring an 85 year old is a very high risk proposition. The post misleads the audience into thinking that if a 33 year old purchases an FFIUL product, that the COI at age 85 is $59,914.98 - this is simply not true. The COI is built into the illustration and does not reflect any such dramatic increase. The illustration is part of the printed policy that is delivered to the client and has a required signature from both the agent and the client.

The Department of Insurance heavily regulates this industry, and does not allow any hidden fees or charges. Everything is transparent, and is included in the Policy Document.

The FFIUL has one of the best growth engines (it's Global Index account) with Principal Protection, Living Benefits (Long Term Care, Terminal and Critical Illness coverage), and a A+ rated insurance company backing it up. You cannot really go wrong with this product.

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Review
#886905 Review #886905 is a subjective opinion of poster.
Cons
  • Concerns about transamerica ffiul policy
Reason of review
Concerns about Transamerica FFIUL
Tags
  • Ul
  • Iul
  • Wsb
  • Transamerica Ffiul Ffiul
  • Xul
Lie/misrep #1: "WFG works for many successful people. My upline’s a doctor/engineer/[enter respected profession here], who made [enter fabulous sum here] last month!” Lie/misrep #2: "WFG is backed by Aegon Group, a Fortune 500 company." Lie/misrep #3: "We focus on...
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80 comments
Anonymous
#1744213

It makes no sense for you to state the wfg suckers people into policies they cannot afford. If you were even remotely smart you would realize that brokers get paid on policy’s that actually stick around not on policy’s that end up being canceled later on.

It would result in a chargeback to the agent. I think you are probably someone who thought you could get paid for doing nothing and when that didn’t pan out you wanted to bash wfg.

If wfg was a scam they would absolutely be shut down and faster than any other company because they deal with people and their finances. Get educated before you speak.

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Review
#850218 Review #850218 is a subjective opinion of poster.
Product
World Financial Group Seminar
Cons
  • Pushes agents to break laws
  • Cult-like mentality
  • Very risky insurance policies
Reason of review
Bad quality
Tags
  • Ul
  • Universal Life
  • World System Builder
  • Wsb
The average person is unaware that they are in possession of valuable marketing information: the names of your friends and family. World Financial Group has their recruits set up 10 "training" appointments with those friends and family. (AKA: "Warm Market", people very...
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27 comments
Anonymous
#1403715

Jealous of the trends being achieved by world financial group.

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Review
#549464 Review #549464 is a subjective opinion of poster.
1.2
Details
World Financial Group review - Gotta Feel SORRY for WFG Agents
World Financial Group review - Gotta Feel SORRY for WFG Agents
WFG agents trick and cheat you. Then they recruit you and teach you how to trick and cheat other people. Seriously guys. Thats how it goes there. Why do I feel sorry for WFG agents? Most of these guys and gals dont know it, but they seriously need HELP. By the time...
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50 comments
Ronia
#1745946

It’s sad that you were left to feel this way. You have to follow your own path.

Not every office is the same. Not every person is the same. But it seems like you initially joined for a reason. Would you let on person stand in the way of your goals and dreams?

If Plan A does not work, try Plan B. No matter what the product is, it has a purpose and a need. My trainer can testify to this. He just got diagnosed with cancer.

He is getting 90% of his TransAmerica policy cash in hand due to living benefits. Another gentleman I know had a stroke. He got cash in hand last New Years. Maybe you needed more time.

Maybe you needed to get the people around you to pump their breaks and not be as aggressive to allow you to do things in your own timing. People are a part of the company. People fail. But the company doesn’t equal the people.

You can’t control people. As a formal medical examiner for the insurance company, I have gone to homes and seen the devastation of people whose spouse has died and now they are left with one income. I have seen elderly people who can’t afford care for lack of Long Term Care. This is a very real mission and a very real company.

Maybe your why was not really about helping families so you don’t get it. But to see people on the company be able to leave a back breaking job and become financially free is nothing to be angry about.

Direct marketing is here to stay. From Tupperware, Pampered Chef, to Lingerie parties to Herbalife and WFG, direct sales are the way for people to get paid based solely on their efforts.

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Review
#890422 Review #890422 is a subjective opinion of poster.
Cons
  • Untrained agents
  • Cult-like
  • Misleading sales tactics
Reason of review
Bad quality
Tags
  • Multilevel marketing
  • Wsb
WFGers just love to run on about how "...WFG is owned by Aegon/Transamerica, big Fortune 500 companies...” Like such a big company necessarily anoints WFG and lends it robust legitimacy. How soon we forget Lehman Bros, Arthur Andersen, Bear Stearns... But guess what...
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52 comments
Anonymous
#1724356

This may be a bit dated for the link but you can refer to the Aegon Annual Report 2018. https://www.aegon.com/contentassets/79a288251c844944933a1b189dc02d82/aegon-integrated-annual-report-2018.pdf page 8 "We also operate under several other brands, including: Knab, TKP, Robidus and Nedasco (Netherlands); World Financial Group (US, Canada); Origen Financial Services (UK); Futuready (Indonesia); Transamerica Ventures and Blue Square Re (global).

Quite a few red herrings in the OP.

Point is well taken, size of parent company does not necessarily imply that ownership of subsidiary will remain (take for instance Ivari Insurance formerly Transamerica Canada now owned by Wilton Re which is owned by the Canada Pension Plan Investment Board. ) That is the nature of corporate ownership.

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Review
#818662 Review #818662 is a subjective opinion of poster.
Tags
  • Ul
  • Iul
5.0
Details
One of my friend sold me one million IUL, because I trusted him, though at that time he had not known what he sold to me. As a result, he asked his top team leader to talk me with all the rosy pictures of the product by giving me an great figures in their illustration....
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24 comments
Anonymous
#1605565

Okay guys, I don't understand why WFG is a big deal hear if underwriters are other companies. WFG is a broker like any other broker.

Regardless of who sells you any kind of a policy they all "DON'T" want you to cancel. Besides any one who sells any insurance product has to be licensed and in order to keep their licenses there are rules and regulations that mostly protect the buyers, and sellers "CAN NOT" break them if they want to make a living selling insurance. The purpose of insurance is "PROTECTION" and Universal Life (UL) and Whole Life (WL) or any combination of those hefty premium type insurances are to protect wealthy and high net worth individuals who have a lot to loose and therefor pay a lot more to protect themselves.

Majority of people who earn less than $150K a year should be okay with Term Life (TA) and maybe add some Critical Illness (CI) to it and invest the difference in S&P 500 index fund that has been returning on average between 8 to12 percent over the past 10-20 and 30 years. After all that is exactly what all insurance companies do.

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Review
#873100 Review #873100 is a subjective opinion of poster.
Service
Life Insurance
Cons
  • I feel having misled
Reason of review
Not as described/ advertised
Loss
$60000
Preferred solution
Full refund
1.1
Details
World Financial Group review - My God! People, Run - FLEE, FAST AS YOU CAN - From This Nightmare!!!
Not trying to kill your dreams here. I’m trying to -save- you, your families, your friendships, and your money from this endless soul-sucking NIGHTMARE. I worked full-time for WFG in NYC for two years. I burned through through tons of savings chasing the “dream.”...
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6 comments
Prudencio
#1189316

Dear 中国人民:

You can find China's 2005 law that bans Multilevel Marketing (MLM) companies at:

www dot gov dot cn/zwgk/2005-09/03/content_28808.htm

It's titled: 《禁止传销条例》已经2005年8月10日国务院第101次常务会议通过,现予公布,自2005年11月1日起施行。

Obviously this law doesn’t apply to companies here in the US. But it shows you that the world’s second largest economic power in the world outright *bans* MLMs.

That highlights how serious MLM problems are. WFG clearly shows us it routinely abuses clients, recruits, and downlines we too often see in other MLMs.

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Review
#887807 Review #887807 is a subjective opinion of poster.
Cons
  • Way too expensive and risky
  • Pushes agents to break laws
Reason of review
Bad quality
Tags
  • Ul
  • Iul
  • World System Builder
  • Wsb
1.2
Details
World Financial Group review - Read This to Learn How WFGers RIP YOU OFF!
World Financial Group review - Read This to Learn How WFGers RIP YOU OFF!
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...
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28 comments
Dimitry
#1729735

Lol

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Review
#903014 Review #903014 is a subjective opinion of poster.
Cons
  • Inferior and harmful products
Reason of review
Bad quality
Tags
  • agent misrepresentation
  • Harmful Products

Contact World Financial Group Customer Service

Website:
Mailing Address:
11315 Johns Creek Parkway
Johns Creek, Georgia 30097-1517
United States
Phone:
(770) 453-9300
All World Financial Group Contacts

World Financial Group Products and Services Reviews

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Latest Question

World Financial Group Questions
1.9
Details
Funny how one meeting can raise up so many red flags. So here's the story; I'm 19 years old. My very good friend who (poor thing) already has a license for this company told me that she put me down as a reference, and if I can speak the good word for her. Absolutely,...
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3 comments
Anonymous
#1154395

Have any of you ever review in details about AMA(Associate Member Agreement)? On its page 4, a line asking...."I will obtain copies of the applicable life insurance and/or annuity replacement procedures...." What does that mean? All I know replacement really mean purchase new policy.

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Review
#829927 Review #829927 is a subjective opinion of poster.
Pros
  • Leaving comfort zone
Cons
  • Border-line scam
  • Use people for benefit
  • Fake sense of value
Reason of review
Shady recruiting
Preferred solution
Everyone who has been offered an "interview" with them to know what they're getting into.
Tags
  • High pressure
  • Recruitment agents
  • recruitment scam
  • pushy staff
  • aggressive representative
  • Sketchy Service