Comments on: What Is WFG and What Does It Do?

By: joe

joe — Thu, 18 Mar 2010 21:18:45 +0000

Last week, had a (WFG) salesperson solicit me for an interview and he would tell me only that his company sold “financial services”. It wasn’t until I got the address for the interview- 2890 Zanker Road Suite 107 95134- that I was able to find out what company was at that address, and I had to do a search on the company, my search terms being “what do you think of world financial group” to get some idea of what they actually do.

Once I got enough of an impression, I pictured myself trying to sell my Mom & Dad a comprehensive, non-term life insurance package and then shuddered. I think this upshot for me was- would I really want for them to buy into it? My intuition said “no”.

What was most interesting was that the WFG person had approached me at a local store, then called me to set up an interview, and when, after learning about WFG and losing interest in the idea, I called him back to cancel the interview. He started asking me questions- do I know what they do? do you know the interview is educational and we can tell you about the services we provide? He instantly shifted the burden of proof onto me, as if it was my job to say why I wouldn’t want to participate. That tactic of asserting one’s ideas or intentions is ages old.

I now know why he so vigorously wanted me to come in for the interview, it’s because he wanted me to be his downline.

By: joe b.

joe b. — Mon, 08 Mar 2010 20:34:49 +0000

Darren,
I find it hard to believe that in two months you’ve learned enough to give professional financial advice. And you’ve managed to recruit downlines already. More expert advisors coming up soon.
Aegon was bailed out by Dutch gov in ‘08 for $3.7B. Not so solid.
You are right about the self confidence thing. It’s too bad that the dream is sold to everybody. Perhaps you come from a sales background. You’ll have an easier time “doing the system” to people for a while.
The only way to make any income is to become one of the 1% and have lots of minions under you whom you sell the dream to. Some of them will buy, and the odd one will sell, some products. All of them will alienate friends and family to some degree. It doesn’t matter if any of them make money as long as you have a steady supply of recruits and can keep them believing for a while.
…Oh and I suppose Aegon and WFG and Transamerica make a little money too…
I work amongst a large group of very educated people. Every single one I’ve asked about WFG says almost the same things: “Sounds like a scam”, “sounds like a pyramid sheme”, “sign me up, I like kool-aid”
It’s funny but sad.
Sad for me b/c I have a loved one loosing money and friends while stuck in this cult of greed sold as helping families.
Check out the families in this lawsuit filed by the SEC
http://www.sec.gov/litigation/complaints/2008/comp20768.pdf

By: joe b.

joe b. — Mon, 08 Mar 2010 20:02:28 +0000

Carly,
Google is just a way to find information. It isn’t a source of information. I typed World Financial Group into Yahoo search and scam was the first autocomplete there as well.
Working hard is great. If you are working hard at misleading people then not so great.

By: Unknown

Unknown — Mon, 08 Mar 2010 17:53:38 +0000

Darren,
YOU ARE AWESOME!. very well said buddy….!! it’s simply not for everyone and ONLY the STRONG survive!

By: Darren

Darren — Mon, 08 Mar 2010 07:15:02 +0000

Two months in the “scam”. Doing great. I am licensed in the state of California, going for more training…and have made money. My downline and clients are very happy. I don’t puff the truth nor do I believe that this is a get rich quick scheme. Do not do this business if you are not self confident…there will be ups and downs as in all sales. Aegon is solid, Transamerica is solid, Prudential is solid, World Financial Group is solid…are you? I would love to see the income levels of those who are against WFG compared to those who are with them…

By: Carly

Carly — Mon, 08 Mar 2010 06:13:55 +0000

Hi guys,
All of these are great comments …. but i do agree with people need to really research something deeply rather than just going on GOOGLE… this is just competition between many reps just being childish…. sure everyones company is great in their own opinion….bottom line is that everything you do in business takes hard work and time… dont expect to make money fast …. thanks people

By: SanjeevK

SanjeevK — Wed, 03 Mar 2010 22:52:34 +0000

TFB – My respect for you and your blog continues to increase. Your honesty (and may I dare to say – to pass up many opportunities to make easy money like other PF bloggers) and ability to see/say about things as they are without any fear or greed is what sets you apart from others. I continue to look forward to your posts. Keep it up. You should be very proud of the tremendous value you provide through your blog!

By: TFB

TFB — Wed, 03 Mar 2010 01:59:17 +0000

joe b. – Thank you for drawing these folks out. I purposefully did not jump in because I want to show the public their manipulative techniques. These techniques are trained, over and over.

People really have to inoculate themselves against these things. Just imagine how hard it would be when you don’t know much about life insurance and investments and you face a friend or family member trying to “educate” you and “help” you while at the same time introducing you to a business opportunity.

To the WFG crew – WFG is legal. So is MLM. I never said they are not legal. Apparently you are not bothered by preying on friends and family. That’s fine. Maybe you don’t like them anyway. Just don’t be my friend. Merely being legal is too low a standard. I expect more from my friend and family. And thank you for giving all of us an opportunity to see what WFG is and what it does. That’s exactly what the title of this post says.

By: joe b.

joe b. — Tue, 02 Mar 2010 23:06:05 +0000

Financial PHD
Funny choice of name.
I believe it says ads by Google. This means google chooses the ads based on keywords in the comments.
The rest of this isn’t worth replying to. I can see where a person would give up posting here. You folks keep blowing smoke until a guy just gets tired of repeating the logic and having it ignored (instead of any sort of intelligent debate).

By: Financial PHD

Financial PHD — Tue, 02 Mar 2010 19:47:21 +0000

WFG is not perfect just like any other company but to put a blanket response over all the people there is unfair. I also find it interesting that the person that set up this site is not in any way shpae or form working in the financial industry and I for one would love to know what he does for a living. Please come out from your hiding!!! Did you happen to notice that a lot of the AD’s place on this site, which the originator is profiting form is from MLM and Insurance and Investment companies. WHAT A HYPOCRITE!! wake up people! If you really want to find something negative about any company just goggle them and add sucks to the name; Ford Sucks,
Bank of America Sucks,
Disney Sucks,
Safeway Sucks,
Morgan Stanley Sucks,
Honda Sucks,
Farmers Sucks
Allstate Sucks
Goggle your own company and see if it comes up if it is a large multinational company or doing something different from other companies it will probably come up so you , As the unknown blogger the set up this site said “RUN don’t’ WALK away from your company. Are all Farmers agents crooks, try goggling you Car insurance company and see. Don’t forget to add SUCKS!
So are you saying that all the people that work at these companies are crooks
Try it and see what you find. Sites like this one are set up not so much as to educate people as they are to sell advertising.
VUL and EIUL are great products, check out you tube, and serve a great purpose if structure properly and I don’t know if this guys friend had it structured properly. And NO if your friend CONVERT to an Index product another commission IS NOT generated. If he cancels his current policy and get a new one yes a commission will be generated. Which is illegal and the rep can go to Federal prison. Any rep that would do that is playing a fools game! The FEDS are watch the investment business very closely right now and looking for anything to nail reps and companies on. AND one last point if this all is SO wrong and illegal why hasn’t WFG been shut down. They have been in business for over 8 years and have very few complaints. Check out BBB, Finra, SEC, Dept of Insurance, Dept of Corp and educate yourself instead of this guy, yes the one that set up the site trying to make a buck off you.