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World Financial Group / Mislead with untrained reps posing as financial consultants

United States Review updated:

When i questioned the risks of their advisement, they became short with me and said it could never happen. my concerns have come to pass and wfg is attempting to blame me by backing out of their original advice. am considering a class action suit.remember, if it sounds too good to be true, it is!the representative they sent had no training in financial matters. in fact he is no longer with wfg. he now cuts lawns! after i told him i wasn't interested, he approached my wife behind my back.wfg is a scam that places wishful thinkers at risk.

Va
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Comments

  • Bu
      1st of May, 2010

    Even their high ranked reps are not so used to high-end prospects/potential clients. They prefer uneducated prospects who do not have a skill to scrutinize the nature of business.

    High-end/highly educated people are attracted to big names with long established insurance companies.

    If you have to pay $500/month premium, which one would you choose? Shaky one or trust-worthy one?

    WFG reps are well trained to talk back a lot on the various website where WFG are criticized a lot, which means that they are not that good. "Look at complaints about other insurers!" they would say. Yes there are so many complaints about AllState, Farmers, Geico posted on websites. Read carefully! The nature of complaints of other big names and WFG is so different. WFG? Mostly about their poor operation and bad customer services, the most critical points. Insurance products are basically the same. What makes the difference is how the clients are taken care of for a long time.

    0 Votes
  • Wi
      10th of May, 2010

    Well, when you're a pyramid scheme you grow at a rate where quality training is unsustainable. The quality of the training gets diluted through broken telephone. Primerica works the same way. Scary...

    0 Votes
  • Pr
      7th of Mar, 2011

    It's a scam!!

    0 Votes
  • Se
      28th of Apr, 2011

    Aegon owns WFG. It is Half trillion $ company. It is currently ranked 103 in forbes worlds largest companies. And after 2008 it is stronger than ever. So if its not legitimate, what is?

    Zach johnson in the PGA tour is sponsored by aegon.
    The USA luge team and NASCAR has WFG sponsorships. They must be scams too huh?

    Too many idiots in the world.

    0 Votes
  • Bu
      29th of Apr, 2011

    WFG reputation appears to be quite strong in my area. WFG focus is to educate the less knowledgeable in financial services. It seems that the uneducated can be disgruntle when someone is trying to teach them. My personal dealings with WFG have been informative and focused on earning, saving, and investing.

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