Update by user Mar 24, 2017
World Financial Group is a marketing outfit under Transamerica. It is one of the biggest marketers of IUL and many other products like annuities, educational plans, estate and funeral plans.
Though there are many products that it sells the main focus of the company is IUL. What is IUL? IUL is an annual renewable term insurance coupled with investments in an indexed fund. A term insurance will become expensive at later years so people are forced to drop them.
This is the main issue. Many people who joined WFG do not know they are marketing a poor product. I will be joining WFG not as an employee but as an independent contractor.
I have a choice not to market a poor product since it's my reputation that's on a stake. I urge people who are working with or for WFG to understand and know the products they are selling before pushing them to their relatives and friends.
Original review posted by user Mar 21, 2017
I have been approached to sell and join WFG and study their products. I know I am not financially literate but I am trying to study finance which a found out a lot of Americans are.
A lot of Americans are buried in debt, they started their adult life in debt and they leave their heirs in debt. There had been a lot of negative reviews of WFG and I really want to know the issues. WFG has been on the market for 20 years.
If it really is a bad and scamming company why would state and federal regulators allow it to exist and do business? Why would respectable financial companies lend allow their name be associated with WFG?
Reason of review: Good customer service.
Location: 10700 Richmond Ave #111, Houston, TX 77042, USA
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