New Reviewer
I'm not sure why it is so hard to believe here; WFG does not have any products, their agents are licensed by the state to sell life insurance, annuity, etc... The agents are licensed to sell many hundreds or thousands of products in the market. I have an annuity...
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While most companies promote based on your knowledge and performance…WFG promotes based on your ability to recruit others into the program. As a multi-level marketing company…their entire premise is based on bringing more people in underneath you in order for you to move up.

And with every promotion/level up…your commission percentage increases. It’s analogous to being hired as a janitor and after referring and hiring 15 of your friends/family into the company, you become a Senior Manager. And yes…the fact that you need to recruit in order to move up the “corporate ladder” makes it a multi-level marketing scheme. Its saving grace is the fact that WFG sells a product.

Even though WFG does not offer products of their own, they push their parent company’s FFUIL policies which are currently under fire for their explosive COI rates in later years. Since there is such a large variety of product and services…most WFG agents are more focused on getting someone signed in under them in order to move up from that all important Associate non–commission position to the Senior Associate commission position. So their focus is really on recruiting and not educating themselves on the product. And once they find out about the more profitable commission offered by Transamerica to sell the FFUIL…that is the product they will tend to push.

And yes there is a variety of other company’s products being sold…but your commission is based on your position…so it would be beneficial to you to be at a Senior Marketing Director position pushing a higher risk product.

And as far their comprehensive background check. Don’t believe the hype. They are only checking to make sure there is not a felony on file.

A felony will keep you from being licensed. If there’s no felony…you passed.

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#1013792 Review #1013792 is a subjective opinion of poster.
Transamerica Long Term Disability Insurance
Reason of review
Good customer service