PFA is broker for Life Insurance Companies. This means that the same Californian Judge will hear both cases. Haley Piper. Online, offline, email, or postal. Broker at Premier Financial Alliance Seal Team. Defendants have failed to meet their burden to show, by undisputed material facts, that the parties entered into an agreement to arbitrate the claims here. Oops! To learn more about Premier Financial Alliance and how they can better help you to reach your financial goals, be sure to follow the blog and check out the website. Awesome. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Address Line 1 *. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Ill be checking in for updates on both cases on July 19th, after which our next scheduled case update will be on or around August 20th. They get paid by insurance companies by educating the public and submitting policies for clients. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. Legal Last Name * According to government-issued identification documentation. No marketing is done to retail customers. 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). Dedicated Agent Support. Just personal reference. Suite 289. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. There are fees that you need to settle to become a licensed one and more or less, you need to pay $100 to $200 for this. So why don't we? For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. Premier Financial Credit Union. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. with complete knowledge that the Defendants have violated Department of Insurance Guidelines and the anti-pyramid laws, but aided and abetted the conduct of Nationals co-defendants. Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. ", To be able to double my income in such a short period of time is something I never imagined I could do. Membership Join the Credit Union! 5.2 miles away from Premier Financial Alliance. You can also subscribe without commenting. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. To join PFA, you have to pay a non-refundable amount of $125. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. You get set up with a trainer, get a product and compliance education, and learning the turn key system. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. As per a July 1st order however, the hearing was continued till August 20th. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Once they pay the $125 membership fee and buy the . At the hearing defendants Life Insurance Company of the Southwest, National Life Insurance Company, NLV Financial Corporation and National Life Holding Company were granted a motion to dismiss. Press question mark to learn the rest of the keyboard shortcuts. No compensation plan. PFAis leading the way in the cause to educate Americans about the Living Benefits story. 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. Valley Strong Credit Union operates as a financial cooperative. Something went wrong while submitting the form. Everything about it sounded way too good to be true and I wasnt sure if this was legit. If you have questions or comments, please feel free to share them below. 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. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Stay tuned for updates as we continue to track both cases going forward. Because of the reputation it has. About us. Applications must be postmarked by March 1, 2023. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. whether Defendants are operating an endless chain; whether Defendants omitted to inform the Plaintiff and the plaintiff class that they were entering into an illegal scheme where an overwhelming number of participants lose money; whether PFAs statements of income during the Class Period were deceptive and misleading; whether PFAs conduct constitutes an unlawful, unfair and/or deceptive trade practice under California state law; whether PFAs conduct constitutes unfair competition under California state law; whether PFAs conduct constitutes false advertising under California state law and; whether the Defendants violated the Department of Insurance Guidelines in representing the benefits under a policy and/or underwriting. Premier Financial Alliance. The best way to know is have your friend explain to you how PFA make money. Life insurance you don't have to die to use - it just makes sense. Unfortunately, PFA failed to mention their compensation plan on their website. Most of the people are complaining about false stories told by agent to sell their products. Need Assistance? The decision to deny reconsideration was based on PFAs. Both claim to have been deceived into believing PFA was a legitimate way to make money. Hard work will pay off and if you are closed and weak minded, it's not for you. That deterred me from committing. In our review we found an astonishing lack of information provided to potential PFA retail customers or indeed, whether retail sales were even possible at all. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. 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. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. If you think someone is trying to scam you, this is the place to ask about it. Now I'm literally changing lives. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. If it's through recruiting, it's a pyramid scheme. That being said, its important to do a background check before joining a program; let alone buying a product or service to avoid being scammed. Company size Large enterprise (150 or more) Welcome to Premier Financial Alliance. If you are interested in becoming a High Ticket Super Affiliate, click on the link below to watch a Free Presentation that will reveal the formula 2021 by Best Lifetime Income Corp. All rights reserved. I believe and know now that PFA has the superior product. 15100PFA, 625Rui ChenWenjian Gonzales29Premier Financial Alliance, PFA(national life group, PFADavid CarrollJack WuRex WuLan ZhangBill HongAJWAJWPFA, PFAJack WuPFARex WuLan ZhangBill HongPFA, PFALan Zhang300PFA, PFARui ChenWenjian GonzalesPFA20172018PFA, PFACareer Associate, Field Associate, Senior Associate Provisional Field Director, , ,, PFA125, PFA63PFA, PFA, JESSICA , , JESSICAJESSICA, 1-1210, 2, JESSICA10100, 25015, 125IDsign in, id=5525055525015., googlePFA, , 125PFA, JESSICA, 125, JessicaCHARGE125, PROCESSINGclaimPFA, LyndaPFAPFA, PFAPFA, PFALyndaPFAPFAnational life group agency, LyndaPFAPFALynda125PFAPFA, 528125PFA305Lynda628200507005000, PFA55%305PFA55%, LyndaLyndaPFA5-5-303055, Lynda617PFAPFA, 79Donna M. Ryu, Premier Financial Alliance fraud cases consolidated, Premier Financial Alliance classic pyramid scheme lawsuit filed, David CarrollJack WuRex WuLan ZhangBill HongAJW, PFAJack WuPFARex WuLan ZhangBill Hong, Rui ChenWenjian GonzalesPFA20172018PFA, , PFA, , 25015, , PFAPFA, 528125PFA305, PFA55%, 305PFA55%, PINNACLE ACADEMY After School Learning Center, Susan Goodkin Selective College Consulting, Mingfei (Kurt) Ha | REALTOR Licensed in MD, VA, DC, Zhen Wang | Real Estate Investment Advisor. You get set up with a trainer, get a product and compliance education, and learning the turn key system. So, youre looking for a source of income that wont put your name and money at risk? they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. Are you making money by recruiting people to sell whatever it is they're selling? PFA has collaborated with the nation's largest insurance . PFA and WFG does not make money of recruiting people. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. Knowledgable and experienced mentors with you every step of the way. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. 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. The public and submitting policies for clients BehindMLMs own May 2016Premier Financial Alliance is a pyramid scheme they lured! So, youre looking for a source of income that wont put your Name and at... 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