At Premier you will always talk to a person and not be trapped in a digital phone system. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. Its hard, but once you make it, understand it. Premier Financial Alliance. 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. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Multi Location Business. do the same thing. Do you ever find yourself thinking about your financial future? That could be problematic because more or less, they will do their best to persuade you in joining the program. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. They messaged me a handful of times after but I've just been ignoring them. In this company we all help each other. Confirm Email *. This product represents the next generation of our shared success in this important product line. For over three decades, PFA has provided thousands of people from all walks of life the . The most damning allegations in the new 2019 lawsuit are the targeting of Asian immigrants, and claim that 95% of sales within Premier Financial Alliance are affiliate purchases. Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. Now I lost $125. This product represents the next generation of our shared success . We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. This means that the same Californian Judge will hear both cases. Find locations. I dont like MLM. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Operating Status Active. Post your questions here and have them answered by people who are knowledgeable about all types of scams. 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. 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. Recruitment is wrong for many reasons. To earn any commissions or financial rewards in PFA, one has to recruit and cause to be signed up, six persons, and obtain a license to sell insurance under applicable State Law. My parents got insurance through PFA. June 25, 2018. As for Premier Financial Alliance, what they offer are the following: In case the policyholder dies, its beneficiaries (such as their parents, spouse, and/or child) will receive a sum of money they can use to cover expenses after death, such as hospital bills, pay for loans and other debts, or simply to purchase essentials. If they are scam, both company will be shut down by government and insurance industry already. At the hearing defendants Life Insurance Company of the Southwest, National Life Insurance Company, NLV Financial Corporation and National Life Holding Company were granted a motion to dismiss. PFA themselves dont sell the insurance policies, hence the lawsuit claim that Premier Financial Alliance has never marketed or sold insurance policies to any retail customers. The best way to know is have your friend explain to you how PFA make money. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. Everything about it sounded way too good to be true and I wasnt sure if this was legit. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. As per a July 1st order however, the hearing was continued till August 20th. As far as I know it's a legit company. Copyright Once they pay the $125 membership fee and buy the . If you are interested in becoming a High Ticket Super Affiliate, click on the link below to watch a Free Presentation that will reveal the formula 2021 by Best Lifetime Income Corp. All rights reserved. Do I smell something fishy? For one, if its the sole source of income, it is unstable. Stay tuned for updates as we continue to track both cases going forward. That's not really a success story. Online, offline, email, or postal. This is really bad since Nepali and Bhutanese immigrant diaspora is not strong and they ( new immigrants) believed what older immigrants( who came before) told them to believe.Bad part is most of agents are older immigrants. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. They are the cry babies and whine about not getting good hand delt to them. Easy account access on the go! Money is just by product. Sadly, the more I googled up searches for PFA the more I see that almost every page mentioning it is linked with a pyramid scheme, a class action lawsuit, and it being a MLM. $149. JW's Rise to Success. C2820332, that currently does business at 8000 Marina Blvd., Ste. The problem with most people now days, they want easy money while being lazy. There were a couple companies that I was also invited to due to a friend and a family friend, but I didnt bother joining as I wasnt that interested at the time. Your submission has been received! I actually have heard of this company for 3 years now. Knowledgable and experienced mentors with you every step of the way. They are a MLM (Multi level marketing) bassically if you joined to make money then you just lost your money because it is highly unlikely that you will ever make it back. Haley Piper. Their . ", "You're never too young for life insurance. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. Nowadays, people can sue people, company sue company every day. If yes, then you should join our top-recommended program. Is the WFG (World Financial Group) a scam? For improved security and optimized performance we highly recommend upgrading your browser. Talk to the one who invited you. Founded in, 2021 headquarterlocation.com. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. 1st client get 30% commission. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. They get paid by insurance companies by educating the . Read More. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! That was the first red flag but I was bored and curious. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. If you have to pay to start working for them, they are not a company you want to work for, no matter what they promise. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. A different approach: Life insurance you don't have to die to use. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. 112 were here. This is our shared vision. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. They have insanely positive mindset but it kinda borderlines toxic positivity. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. Press J to jump to the feed. Learn More . Contact Information. Perhaps that's my not being an American showing, but that's just how health and accident insurance work, in tandem with paid sick leave. At Premier Financial Credit Union you are more than a number, you own the place! Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. Death is not required to gain protection from this type of insurance. On December 19th, PFAs Motion for Reconsideration was also denied. While insurance is essential and I strongly agree with having this, one of the most important things you have to take note of is the insurance company itself. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Lan Zhang appears to be a top Premier Financial Alliance affiliate. No compensation plan. 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. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. If you have fallen for a scam, you can post your experience here to warn others. 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. 132 were here. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. Thank you! Some even told me that they are also the success of how much their product works (a man had a serious accident and due to his insurance, he was able to use the money to pay off his medical Bill's and his other Bill's while he was off of work). 100, Brisbane, CA 94005. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. I.e. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. Premier Financial Alliance Compensation Plan. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. Premier Financial Alliance is an innovative Independent Marketing Organization (IMO) that helps you achieve financial freedom through starting your own business and giving you a proven roadmap to success. Premier Financial Alliance (PFA) SEAL Team, is one of the few independent marketing organizations of its kind in the industry today - a team of elite professionals dedicated to serving . Reddit and its partners use cookies and similar technologies to provide you with a better experience. https://behindmlm.com/companies/premier-financial-alliance-fraud-cases-consolidated/, https://behindmlm.com/companies/premier-financial-alliance-denied-arbitration-and-venue-change/, https://behindmlm.com/companies/new-premier-financial-alliance-lawsuit-claims-asian-immigrants-targeted/, https://www.mitbbs.com/article_t/SanFrancisco/34629529.html, https://behindmlm.com/companies/premier-financial-alliance-classic-pyramid-scheme-lawsuit-filed/, http://www.wenxuecity.com/news/2018/07/25/7469956.html, a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging, a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". 5.2 miles away from Premier Financial Alliance. Another reason is that its challenging. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. I don't work for pfa but I know that my mom benefited from her insurance through them. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. I believe and know now that PFA has the superior product. If you think someone is trying to scam you, this is the place to ask about it. Legal Last Name * According to government-issued identification documentation. Serve your client, Serve your team, and required always put other people first before. From our products and services to all the good we do in our communities. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. in Life Insurance, Auto Insurance, Home & Rental . If you have fallen for a scam, you can post your experience here to warn others. Press question mark to learn the rest of the keyboard shortcuts, http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam, http://sajha.com/sajha/html/index.cfm?threadid=111838, http://www.ripoffreport.com/r/premier-financial-alliance-seal-team/rockville-md-maryland-20850/premier-financial-alliance-seal-team-premier-financial-alliance-seal-teamrex-wu-john-wu-1192255, http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. A scam but it kinda borderlines toxic positivity insurance you do n't to., then you should join our top-recommended program i believe and know now that PFA has provided of. 100 points in volumes could recruit the way opportunity as an upfront scam put heavily on this, is! Renters, RV, Motorcycle, Health, Group read more, Motorcycle, Health, read! Told him i 'd rather do some research before i jump in, and always... Best year yet in 2017 and Gonzales in late 2017 or early 2018 thinking your... 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