Is World Financial Group ( WFG) a Scam?

Is World Financial Group ( WFG) a Scam?

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I want to know if World Financial Group (WFG), which claims to be a Multi-level marketing company which sells investment, insurance, and other financial products through a network of distributors is a pyramid scheme scam. I know WFG is active in the United States, Canada, and Puerto Rico and is owned by Transamerica, a subsidiary of Aegon.

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  • November 18, 2019 at 6:43 PM by an anonymous user from: Toronto, Ontario, Canada

    People claim that World Financial Group is a scam because of the way it sells insurance. The claims of WFG being a scam is mostly related to the “business opportunity” offered to salespeople, and the over-hyping of financial products.

    Recruits are known as “associates” and pay $100 as a joining/”administrative” fee. Former associates have reported stories of being pressured to sell overpriced products to friends and family, burning those bridges. They have also reported the WFG recruits associates just to tap into that personal network, and not because the associate is fit for the business.

  • September 25, 2019 at 12:11 PM by an anonymous user from: Fresno, California, United States

    No, WFG is definitely not a scam! We are in a highly regulated Financial Services Industry. We help families make better financial decisions by providing them with the financial education that would help them become an informed consumer. In addition, we give everyone who wants to make money an equal opportunity to get into the financial services industry by helping everyone learn, get licensed, and earn by providing the financial solutions to the consumers! I have been in this company for the past 22 years and this Company has changed my life from a spender to become a saver to learn to save, and protect my family! It has helped me not only to make more money, but to really make my money work better for me in places that gives me Growth, Safety, Tax-Advantage & Protection for my life, health and well as disability!

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Is World Financial Group ( WFG) a Scam?