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World Financial GroupRipp-off Fact

I am writing the fact, not what is right or wrong. Trying to be informative. There is nothing wrong to do business in Amway style which is somewhat gray zone business. Again, some people love it. Some people hate it. You are the one to make a choice. Again, I am only trying to be informative. The information I share on this website is that WFG usually does not tell candidates at the BEGINNING.

They sell mainly Western Reserve Life's policies backed up by Aegon Bank, a dutch bank. They surely help people who don't have concrete future financial planning. There is nothing really wrong with it.

1. You pay $100 registration fee. WFG does not pay for you.
2. You pay 52 hr. life agent course study -- various schools are available online, you attend in person etc. etc. WFG does not pay for you.
3. Test fee. WFG does not pay for you.
4. WFG's some offices "seminar" do not offer product training. Each office is run differently, which shows that their head office does not have consistent training program for free.
5. Your commission is only 25 - 35% unless you have at least 3 to 10 agents beneath yourself
6. Multi Level Marketing plus pyramid scheme
7. To learn various kinds of financial products, you pay the tuition from your own pocket. (please refer to no. 4)
8. Your mentor sells not only life insurance but also mutual funds
9. You make your business cards at your own cost. They don't pay for you. Their website has a bug so your business cards printed with wrong address and information
10. In the event of your potential customers' rejection, your mentor often tend to blame it on the customers.
11. When you come to conclusion to not transfer your policy to theirs because your current policy has much much better quality, the mentor ends up convincing you that you are crazy.

This model lures the agent by telling them that you would not only gain by sale of yours but also gain by sale of agents under you (Amway Model). The agent should understand that although they are earning bit of other agent's commission, a big chunk of his commission is also eaten by agents above him. Therefore, the commission that the agents get by WFG sales is quite less then the direct sale that they will do with channel other then WFG.

Because WFG believes in quantity more then quality of agents, the application filled quality & the quality of service given to the customers is really poor. This leads to lots of application entry errors, reduced customer satisfaction & at the end, lost customers.

I am currently working for a different insurance company which gives me 85% commission. I do not have to recruit anybody beneath me. I AM NOT LAZY.

The following URL is interesting for you.



  • Gd
    GdExmpl Jul 24, 2017

    I just laugh at the people who make judgements on companies without really understanding it themselves. And needless to say, if WFG wasn't doing the right thing, it wouldn't be around as long as it has and wouldn't produce so many successful entrepreneurs already. I am amazed at how many loser have time to go online and post crap about their failures and blame one company or another. The only way I came across these posts is when someone sends me the link otherwise, I've been with WFG for 14 years and I wouldn't change my experience for the world. It has helped me, my family and the families of my friends and relatives. So for the rest of you, good luck blaming others while you stay a loser...

    -1 Votes
  • Je
    jejejeemem Mar 15, 2012
    This comment was posted by
    a verified customer
    Verified customer

    My friend became their customer. He lost thousands $ to them. Not a greatest way to invest your precious money. Don't spend an even penny to them.

    0 Votes
  • An
    Another_guy Nov 08, 2010

    You say you are not lazy. Well the fact is as you get older you are not going to be able work as hard as you once did. The reasoning for building a team of people to help you in your business is to provide security later on in life. Not to be lazy. I always say Some will some won't so what who's next.

    I agree about WFG. Thier model is a broken one. It could use a face lift.

    0 Votes
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