Is Premier Financial Alliance A Scam? Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. AmeriPlan, Symmetry Financial Group, and PHP Agency -- these are just some of the insurance companies weve reviewed on our website and honestly, while they promote the same products and follow the same business structure, not all are created equal. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. Premier Financial Alliance, Inc. (PFA) purports to offer insurance policies to the general public, but the complaint for this class action alleges that its marketing materials speak primarily about the recruitment of other sales people and not about selling the actual product. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Press question mark to learn the rest of the keyboard shortcuts. Business Profile for Premier Financial Alliance. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. $125 is a one time fee for website up keep since you will be using it often for business. Online, offline, email, or postal. So I have to give you personal contacts and persuade them to join the team or to buy life insurance but I wouldn't be making any commission off MY contacts because I'm still "in training" and not a certified life insurance agent yet? Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. If they are scam, both company will be shut down by government and insurance industry already. Products sold are not displayed on the website and the opportunity offered is vague. So I have nothing bad to say about them. That being said, its important to do a background check before joining a program; let alone buying a product or service to avoid being scammed. Switching over to the 2019 case, the motion to compel arbitration that stayed the 2018 case was filed by Premier Financial Alliance on May 28th. Premier Financial Alliance Seal Team Business details. Some are legit with good opportunity while some are a downright scam. Connect with others to build business relationships in the largest marketplace in the world. For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. April 10, 2023 | 6:00 PM | Altona Supper Club. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Reddit and its partners use cookies and similar technologies to provide you with a better experience. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. C2820332, that currently does business at 8000 Marina Blvd., Ste. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. Has this product worked with anyone? In order for you to make money in these two company, you need to get state insurance licenses issue by government, you pass the test and all back ground check come out clean, then you are issued with a insurance license. PFA swag bag and shirt. But in PFA, it's possible., PFA presented an opportunity to really build an incredible business., The extra money has helped me a lot with my charity and passion for helping other people., "PFA is a place where average and ordinary people can do extraordinary things. 155 Kapalulu Place, Honolulu, HI 96819 If you think someone is trying to scam you, this is the place to ask about it. 1 General Admission ticket. I noticed people sign up and don't do anything about it. Address Line 2 (Optional) Personal Information. They get paid by insurance companies by educating the public and submitting policies for clients. do the same thing. this Insurance MLM they are stealing ppl money. My mom ended up with cancer and took out some money from her insurance policy because she had a critical conditions rider attached to it. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. To sell the financial-success promise, PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, and AJW flaunt the wealth of the highest-ranked Associates and those few insiders at the top of the pyramid, as examples of the riches that await new participants, if only they will work hard enough (i.e., tirelessly recruit new Associates). From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. Its total legal and make sense. Welcome to My Premier Financial Alliance Review! Membership Join the Credit Union! Nowadays, people can sue people, company sue company every day. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Haley Piper. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. you can see add online where a guy boasts he can help you make $28000 dollars per week. This naturally raised the question of what Premier Financial Alliances core priority was. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Premier Financial Alliance is, according to the case, a "suspended" private organization that maintains offices throughout California and Georgia; AJW Productions is the alleged alter ego and money collection entity of the individual defendant described in the complaint as the "chairman" of the pyramid scheme; and In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. PFA agents or the PFA don't make money on $125 fee. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? If you check Premier Financial Alliance websites, you cant simply find the products or the type of insurance they offer; rather, they focus on promoting the opportunity. A case management conference has been scheduled for January 13th, 2020. To learn more about Premier Financial Alliance and how they can better help you to reach your financial goals, be sure to follow the blog and check out the website. If you think someone is trying to scam you, this is the place to ask about it. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. Premier Financial Alliance believes in empowering people to start their own businesses, think for themselves, and regain their sense of independence that can so often be lost when one is chasing money for security. It's actually great. Access all general sessions Sept 25-29, 2022. That deterred me from committing. Donald Trump and Robert Kiyosaki recommend it? At-a-glance. Defendants have failed to meet their burden to show, by undisputed material facts, that the parties entered into an agreement to arbitrate the claims here. Community. We are a Insurance Broker representing over 50 carriers. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Valley Strong Credit Union operates as a financial cooperative. Is Premier Financial Alliance a pyramid scheme? Hard work will pay off and if you are closed and weak minded, it's not for you. I actually have heard of this company for 3 years now. If so why would you borrow what is yours? PFA is broker for Life Insurance Companies. Mmmm yeah that is not for me. Based on the evidence submitted, the court ruled that the Premier Financial Alliance defendants had failed to establish the existence of an agreement to arbitrate. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. People from all walks of life, from all around the world, have experienced tremendous success and results from the solutions that Premier Financial Alliance provides. For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your . This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Easy account access on the go! If Premier Financial Alliance is indeed an MLM company full of affiliates earning commissions based on how much their recruited downlines are spending each month thats a problem. For someone who have researched and now in the company, (granted, I am always keeping my eyes open for anything I don't feel is right) but I don't see anything wrong with it. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Another reason is that its challenging. 112 were here. Premier Financial Alliance agents are paid variable commissions from the insurance carriers based on the type of product, amount of coverage, and other factors such as the age and health of the customer. Premier Financial Alliance Reviews a Checklist to Prepare Your Family for Unexpected Life Events, Premier Financial Alliance Compiles Easy Money Saving Tips for Young Professionals. Did you borrow what you put in? Other than MLMs, one of the most questionable products or services is insurance, and perhaps thats one reason why there are people who dont have it yet. It protects from death, accident, critical illness, or even theft. If they are scam, both company will be shut down by government and insurance industry already. Equal Housing Opportunity. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. Reddit and its partners use cookies and similar technologies to provide you with a trainer, a. Of this company for 3 years now appears to be an MLM do actually. I jump in, and that is to make money on $ 125 fee some research I. 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