At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. 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. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. This is my experience and I hope you got some thing out of it! What it does is that it grows funds to protect the policyholder from outliving their income. But hey, everyone has to start sometime right? As per a July 1st order however, the hearing was continued till August 20th. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. 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. Another reason is that its challenging. 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. Welcome to Premier Financial Alliance. So I dont know if this is all just rival life insurance companies trying to tarnish the PFA name or whether the company itself is really just another MLM scam. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Address Line 1 *. Applications must be postmarked by March 1, 2023. Plaintiffs Gonzales and Chen are seeking to represent a class of similarly situated Premier Financial Alliance victims, of whom they estimate there are over 25,000. Email *. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. She used that money to pay for her treatments. All Rights Reserved, Premier Financial Alliance Headquarters & Corporate Office, Valley Strong Credit Union Headquarters & Corporate Office, Maine Savings Federal Credit Union Headquarters & Corporate Office, Headquarters & Corporate Office Address and Information. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. Whether retirement plans, funding your childs college tuition, or having enough money in the event of an emergency, these are the types of decisions that should be made sooner than later. Need Assistance? Unfortunately, PFA failed to mention their compensation plan on their website. That deterred me from committing. This organization is a scam. According to the FTC, if the source of your income heavily relies on the number of your recruits and not on the sales you get for selling their products, its a telltale of a pyramid scheme. 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? Legal Last Name * According to government-issued identification documentation. Theres even a lawsuit filed against them by prosecuting attorneys in June 2018, claiming that the brand has never sold any of their products, in this case, insurance. After the presentation was over, I met up with my friend and asked me if I liked the product and if I was interested in joining him. If recruitment stops, so does your profit. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Donald Trump and Robert Kiyosaki recommend it? PFA and WFG does not make money of recruiting people. }; According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. If you pay for them, you ruin your only profit line. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. document.write(theYear); Founders David Carroll. 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). Honolulu, HI 96819-1826. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. Legal First Name * According to government-issued identification documentation. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. The importance is, is the lawsuit successfully. Premier Financial Credit Union. Press J to jump to the feed. 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. Oops! Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. So I went to one of their interest meetings and was really interested by the product and the company so I joined with a fee of $125, I just wanted to know if anyone else had heard of them. if (theYear < 1900) { If you have questions or comments, please feel free to share them below. 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). $149. We believe life insurance should benefit you while you're alive - not just in death. PFA has not persuaded the Court that any other factorscosts of litigation, ease of access to sources of proof, availability of compulsory process as to former employees or associates, etc.would favor transfer to Georgia. PFA agents or the PFA don't make money on $125 fee. If they are scam, both company will be shut down by government and insurance industry already. Company Premier Financial Alliance Seal Team. 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. theYear = now.getYear(); 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. Just personal reference. A 2016 video cites Zhang as a Premier Financial Alliance President, and depicts her receiving a special birthday present from PFA founder and CEO, David Carroll. Do you ever find yourself thinking about your financial future? 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. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. do the same thing. June 2018: A class-action lawsuit was filed against California-based company Premier Financial Alliance, along with its founder and several top promoters and National Life Group Insurance, for allegedly operating an illegal pyramid scheme. Daily lunch (Sept 27-29th) Early check in September 25, 2022. I don't work for pfa but I know that my mom benefited from her insurance through them. Life insurance you don't have to die to use - it just makes sense. Disclaimer | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by iPipeline, 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph: 402-423-5002 Ph. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. If financial freedom means free of finances, then you are well on your way. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! Welcome to My Premier Financial Alliance Review! Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". On December 19th, PFAs Motion for Reconsideration was also denied. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. Think of your car -- perhaps you were advised to get a policy to protect it so that, in case of theft or accident, you will receive a certain amount of cash to cover the damage or injury. Phone Number 888.867.6533. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? I hope you enjoyed my Premier Financial Alliance review. It wouldn't hurt to make extra money right? Notify me of followup comments via e-mail. uChoose Rewards Access all general sessions Sept 25-29, 2022. 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. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. BehindMLMreviewed Premier Financial Alliancein 2016. Haley Piper. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Premier Financial Alliance instructed Plaintiffs and continues to instruct other associates to peddle this policy to other people who, in turn, are instructed to sign up more associates, and so on and so on, ad infinitum. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Is he supposed to have used a life insurance for that? However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. They get paid by insurance companies by educating the . Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Call us at (920) 898-4232. Contact Information. https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/, I haven't heard anything about this company but here's what showed up in web search: http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam and http://sajha.com/sajha/html/index.cfm?threadid=111838 and 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, If it feels fishy and smells a bit, I think it is wise to walk away Doug Content Director: TheDailyScam.com. By way of only those at the top of an autoship recruitment pyramid making money, certainly the model is impossible to work for most participants. 132 were here. 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. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Something went wrong while submitting the form. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. Because at first it seemed "too good to be true." This product represents the next generation of our shared success . The company give 30% commision because the money not from them but come from the clients money. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. failure to submit sufficient evidence that plaintiffs affirmatively agreed to the terms of the Premier Financial Alliance Associate Marketing Agreement (AMA) by clicking a box in an online registration form. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. 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