Teven Mhj
map-marker Little Elm, Texas

Account locked

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I am not able to log into my account. It was locked due to trying too many login failures. I also have a payment tab on the login window.
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User's recommendation: If you don’t want to curse out of frustration avoid them.

Sahaj Zki
map-marker Upland, California

Forgot password

I forgot my password. A one time security Validation code is suppose to be sent to my email WFGQuailityAssurance@***.com,IS NOT MY EMAIL!!! ...how am I to access the security validation code when I cant access the email wfg has provided.
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Karla F Fex

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer

UNAUTHORIZED CHARGE

This company has charged me $100 and I do not even know who they are.
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Loss:
$100

Preferred solution: Full refund

Norah R

Cancellation

I cancelled my policy years ago and would like to cash out. I need to speak to live agent to get helped. Can not speak to anyone attempted several times. Thanks
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Loss:
$30000

Preferred solution: Full refund

Anonymous
map-marker Los Angeles, California

Suspention License

Can you tell me that I am an active Agent NowSend Sends
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Raliat S

You currently do not have an active MyWFG account. Please contact Home Office Support for assistance.

Updated by user May 23, 2020

no response from wfg.

Original review Apr 23, 2020
Contacted as instructed with no positive response Raliat
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Pros:
  • Lots of information

Preferred solution: Let the company propose a solution

Laityn Ujy
map-marker Phoenix, Arizona

Refund for $100

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I want my 100 back. You will not answer the phone. Says to wait for a rep, then the call drops every time. It says go to the online but the website doesnt let me login to get the help.
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Anonymous
map-marker Hillsborough Township, New Jersey

STAY AWAY FROM WFG!!!

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Just Speaking from experiencing with WFG. They are not a good company to do business with. Their methods to con people to buy their insurance and their constant pressure techniques to recruit people is suffocating and relentless. I won't go into every detail as I could write a novel of this but Just do yourself a favor and stay way as far as you can from any WFG or financial pyramid scheme company promising riches and a dreams of a better future. Its all part of their unethical tactics to con you to join and spend a lot of your money into "your" / their business. I learned the hard way by actually being con into trying out this business, I received nothing in return but lots and lots of fees that they charge you for being an agent with the company
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1 comment
Guest

Its your personal experience but not everyone's who are working & earning.

Anonymous
map-marker Maple Ridge, British Columbia

Review in Financial Services category from Maple Ridge, British Columbia

For you newer licensed reps who have done your research and decided that doing the right thing for your clients was more important than your own success, here's a good exit strategy for you.

1) Take your license to a different company and resign from WFG. This way, the policies under your name get rolled up to your upline.

2) Then, go visit your family and friends and admit that you made a mistake, but say that you would rather make a small mistake than a big mistake. Replace their poor UL product with a proper term policy and show them how to invest the difference.

Voila! You get the commission off your new sales, and your former WFG agent gets the chargeback! And since you told your client the truth and admitted your mistake, you will get referrals from them in the future.

Warning: your upline will threaten you not to do this, obviously because they have a lot to lose! Don't let them bully you into staying, there is a way out!

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11 comments
Guest

Hi. My name is Carol and I’m trying to do my due diligence to fully understand WFG from the inside out before confronting a friend of mind…who for a lack of a better word has been completely brainwashed.

I’ve managed to get copies of some of the manuals and various forms. Thanks to William3, I was able to see the COI. I found the exact number of licensed agents and total amount of commissioned paid out in 2015….right down to the penny. I understand the various contract levels: 25% training associate, 35% associate, 50% marketing director, and 65% senior marketing director.

Now I’m trying to figure out how much commission is earned for each of the products. Is there a flat percentage or each product or some mathematical equation? For example…if an associate sold a $100,000 life insurance policy they would get 35% of what amount? What is the total commission earned for the policy?

What is the commission earned for the various other products?

I was hoping someone could help me with this. Thank you.

Prudencio Zlt
reply icon Replying to comment of Guest-1151252

Hi again Carol. I may be able to save you some time and help you streamline your research. While WFG technically offers many different life insurance products from many companies, WFG’s Compensation and Promotion Guidelines are structured around pushing contractors to sell a very expensive and risky policy called Transamerica’s Financial Foundation Indexed Universal Life (FFIUL). The FFIUL is especially risky in later life when COIs soar through the roof.

Let’s go over the C&P Guidelines. Search the net using these words: “WFG’s Compensation & Promotion Guidelines Squarespace.” This’ll take you to an 8-page PDF. Notice on page 5, in the “Compensation Guidelines” chart, where WFG awards more points for “WRL” products? “WRL” stands for “Western Reserve Life Assurance Co. of Ohio,” WRL was the company who created the FFIUL. In 2014 WRL merged with Transamerica Premier Life Insurance Company. Thus the Compensation plan favors Transamerica products.

Even if your friend wanted to do the right thing and avoid flogging this Trojan Pig of a policy and instead double down to sell less profitable policies like Term Life and she somehow met sales and recruiting goals, that’s no guarantee your friend will advance up the WFG pyramid. Those same Guidelines make abundantly clear that, ultimately, her advancement in the organization depends on her upline. Please see here on page 8 stated in three places in the small-print footnotes:

Footnote 2: Promotion requires approval of direct upline ***

Footnote 3: Promotion requires approval of direct *** and CEO MD

Footnote 12: Meeting the minimum requirements does not guarantee inclusion in the Base shop Pool. Even if she meet the sales and recruiting goals, her upline can keep her from moving up. Thus her upline has total latitude to pressure her to sell the FFIUL.

Guest
reply icon Replying to comment of Prudencio Zlt

Hi William3. Thank you for coming to my rescue again.

I actually read the Compensation & Promotion Guidelines earlier, but it really didn’t give a breakdown on how much they actually earn for each product. (Maybe I’m missing it.) If I understand correctly, there’s a 1-to-1 ratio of points to dollar amount. On page 5 of the C&P, an associate will earn 45 points for a WRL. But what is the amount of the policy for the 45 points?

I’m a numbers person.

I want to know how much commission is made off of a sale of a $100,000 life insurance policy…before it is split up amongst the associate and their upline.

Prudencio Zlt
reply icon Replying to comment of Guest-1151362

Carol, good point. My understanding is that the FFIUL earns some of the biggest commissions of the life insurance products WFG sells.

Typically it's 100%--125% of the first year’s projected premiums. Thus if someone buys a policy for which they plan to pay $300/mo for premiums, that equals to $300 x 12 months x 125% = $4,500. I believe that 35% of that goes to the Associate who sold the policy and the balance to the uplines.

I’m afraid I don’t understand how the points system maps to the dollars. If you search on “torrent wfg calculating commissions” that will take you to an example.

Prudencio Zlt
reply icon Replying to comment of Guest-1151252

Carol, more on compensation, for SMDs and below WFG’s rates are some of the lowest in the biz. If she’s serious about selling Life Insurance and getting all the licensure, she should check out dedicated agencies, especially for mutuals like Nationwide.

Many of these will start her out at 60--80% of the commission and in a few cases even give a small salary. She can go to Insurance Forums dot net to get a wealth of info and compares.

At that site she can search on “WFG” to get a wealth of commentary on this MLM, not much of it positive. Most of the commenters there are agents.

Prudencio Zlt
reply icon Replying to comment of Guest-1151252

Another thing Carol--WFGers don’t “own their biz.” Even some veteran WFGers are shocked to learn that, when they want to leave the MLM, they can’t take their Book of Business with them. WFG clearly confirms that on page 8 of its Associate Membership Agreement:

“B.

...The Associate acknowledges that WFG owns all rights in and to the following: ...(ii) the identities of and all lists of the members comprising WFG; and (iii) the identities of and all lists of the Customers of WFG...which constitute **property owned solely by WFG**. Associate agrees that Associate shall have no proprietary interest in, or ownership of, any Customers, other associates of WFG including Downline Associates, or Products and Services. **WFG shall have exclusive proprietary interest in, or ownership, of all Customers, and contractual relationships with other associates and the Product Providers**.”

Your friend can read this for herself.

She can search for the 22-page AMA-US.pdf. It’s at mywfg dot com.

Guest
reply icon Replying to comment of Prudencio Zlt

Thank you again William3. I found the “torrent wfg calculating commissions” spreadsheet.

Perfect.

Prudencio Zlt
reply icon Replying to comment of Guest-1151395

You're welcome Carol--anytime!

Prudencio Zlt

For folks who want more press and legal actions on WFG, Transamerica, and Universal Life policies, you can search on these items:

PRESS:

Feller et al v. Transamerica Life Insurance Company - consumerwatch

Draining Away!

- Wall Street Journal

The Great Life-Insurance Temptation - Wall Street Journal

Retirement Disaster Looms For Universal Life Policyholders - Forbes Cost of Universal Life Insurance Policies Sting Retirees - Wall Street Journal Universal Life Insurance Policies Hurt By Low Interest Rates - Fox Business Market Hits 'Universal Life' Policies - Wall Street Journal Top 10 Reasons NOT to BUY Equity Indexed Universal Life - Nelson Nash Institute At Consumer Watchdog: Consumers who bought life insurance protection from Transamerica Insurance Company decades ago are now facing a choice between paying enormous increases in their monthly premiums or losing their policies... LEGAL ACTION: Lieff Cabraser is investigating allegations of fraud and other deceptive practices in connection with the sale of universal life insurance policies by the following companies: [including] Aegon USA and Transamerica Zamansky LLC is investigating fraudulent and unsuitable sales of annuities and other insurance and investment products by representatives of World Group Securities, Inc.

a/k/a World Financial Group. Hope this helps.

Guest

I lost hundreds of thousands of dollars through wfg

My wife barely made any money yet she is convinced that one day she will become millionaire

Just disgusted

Some of the agents are claiming to be making over 250k/year r driving 10k cars

Show me Ur f###ING tax return

What a joke

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Aryia Xhf
map-marker Ellicott City, Maryland

To confirm a code 73ADW for my downline

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HappyJust want to a code for my downline
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TINGLI L

This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ

Verified Reviewer

Commission not receive

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I did not receive my compensation since 2018. And I tried to call customer services so many times but I have told it has to be certain level personal to called. My direct deposit info does not change, there is not reason I have issue to received it. Last year, I already filed tax reported for 2018 before I received the 1099-Misc form. And it costed me more than $100 to file tax amendment. It's really unfair to me. I wish you would resolve my issue. Thank you.
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Loss:
$685
Pros:
  • New york ny 10002
  • When i left
  • 15 division street 6th fl
Cons:
  • Everything about their business model

Preferred solution: get my commission back please.

1 comment
WFG

Hello Elyjah, You have to be a Senior Marketing Director or above to reach home office support. You can have your upline Senior Marketing Director call on your behalf, or you can submit a support case through MyWFG yourself.

1099s are mailed out at the end of January. We are unable to open a support case on your behalf, as we do not have enough information.

However, if you continue to experience issues, please submit a support case through MyWFG. Thank you, WFG

Raliat S

Cannot access my wfg launch

I have been trying to launch in my WFG for the past 2 months and no one has been able to help me.
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Preferred solution: Able to Launch

User's recommendation: Terminating people will drive people who are willing to join the company away after the frustration we gone through. Admin. should think about the comments from the negative people around. If we stayed and make efforts to go through I think we should be supported. Terminating people from the business is discouraging and depressing.

Ewell Fov
map-marker New York, New York

My God! People, Run - FLEE, FAST AS YOU CAN - From This Nightmare!!!

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World Financial Group - My God! People, Run - FLEE, FAST AS YOU CAN - From This Nightmare!!!

Not trying to kill your dreams here. I’m trying to -save- you, your families, your friendships, and your money from this endless soul-sucking NIGHTMARE.

I worked full-time for WFG in NYC for two years. I burned through through tons of savings chasing the “dream.” Course they told me I failed because “I didn’t work hard enough.” No, no, NOOO! Folks, I “failed” because I couldn’t keep LYING TO and CHEATING my family, my friends and my downline. I couldn’t keep selling them expensive terrible insurance policies and financial products. I couldn’t keep selling them on this equally terrible business “opportunity.”

WFG is ALL LIES. One GIANT STINKING LIE. It’s a World of Foul Garbage.

Look people I’m not gonna reinvent the wheel here. Other reviews spell it out way better than I ever could. Please do yourselves a favor. READ THESE REVIEWS.

Start with this guy, “voice of the 99 percent:”

World-financial-group dot pissedconsumer dot com/world-financial-group-transamerica-financial-advisers-learn-the-truth-201112****9754.html

He gives a fantastic overview of the SLEAZY SCAM that is WFG. Especially how they pressure you into going to endless “motivational” meetings to keep your “dream” alive and your morals rotting in the gutter. Meanwhile they keep you IN THE DARK about how WFG really works and the products you sell so you can plead ignorance and maybe feel a little less horrible about yourself. So many times I asked my uplines to explain how such-and-such policy worked. They always put me off. I finally started taking policies to independent advisors. That’s when I started to learn the AWFUL TRUTH about them.

After you finished that, check out some of William3’s stuff. This guy gets down into the NITTY-GRITTY - showing us the company’s OWN WORDS - that shows what a TRAIN WRECK that WFG is for any honest caring person who gets sucked into this nightmare.

This review spells out for you how WFG -stacks the deck against you- when you sign up with this outfit. Especially it shows you why that WFG “own your own business” line is a reeking pile of CR*P:

World-financial-group dot pissedconsumer dot com/are-you-really-your-own-boss-do-you-truly-own-your-own-biz-closely-read-and-know-wfg-s-contract-before-you-sign-it-201606****7376.html

Once you join WFG, your upline’s gonna pressure you big time to sell the *** out of the FFIUL policy from Transamerica. This review spells out for you why that FFIUL is HUGELY RISKY and why nobody should wave their checkbook anywhere near this disastrous dollar-sucker:

World-financial-group dot pissedconsumer dot com/plan-to-live-a-long-life-will-your-ffiul-wfg-s-top-product-fail-and-leave-you-with-nothing-i-show-you-the-math-201605****4331.html

Want more well researched and *honest* financial and business education about WFG? Check these out:

Www dot finance-guy dot net/streetonomic/world-financial-group-review

Ethanvanderbuilt dot com/2015/08/03/wfg-scam-yes-opinion

World-financial-group dot pissedconsumer dot com/10-lies-and-misreps-that-wfgers-tell-you-and-themselves-201605****0218.html

World-financial-group dot pissedconsumer dot com/will-wfg-die-dissect-this-evidence-do-your-homework-decide-for-yourself-201605****8409.html

Folks, please, avoid WFG like the plague! You can do much MUCH better. I went on to Northwestern Mutual for five years, actually made decent money from pretty much the get go, got GREAT training from actual PROS, people who actually know what they’re doing, and now I run my own IMO. Look if you didn’t get into WFG ages ago back in the 90s when it was World Marketing Alliance and sold your soul to Lucifer, then you *are* gonna go down in flames here I guarantee it. Save yourselves! Stay far FAR away from this toxic dump!

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Cons:
  • Pushes agents to break laws
  • Way too expensive and risky
Reason of review:
Bad quality
6 comments
Prudencio Zlt

Dear 中国人民:

You can find China's 2005 law that bans Multilevel Marketing (MLM) companies at:

www dot gov dot cn/zwgk/2005-09/03/content_28808.htm

It's titled: 《禁止传销条例》已经2005年8月10日国务院第101次常务会议通过,现予公布,自2005年11月1日起施行。

Obviously this law doesn’t apply to companies here in the US. But it shows you that the world’s second largest economic power in the world outright *bans* MLMs.

That highlights how serious MLM problems are. WFG clearly shows us it routinely abuses clients, recruits, and downlines we too often see in other MLMs.

Guest
reply icon Replying to comment of Prudencio Zlt

Now I'm wondering why on Earth would China ban MLMs? Do you think maybe its because its a Communist country and its leaders don't want to see the "little people" succeed financially? Unless it's to the government's benefit, re: investing in America companies then buying property all over the United States in the name of the mother land.

Prudencio Zlt

Said it before, say it again: I’d love to see unbiased info guides on Multilevel Marketing (MLM)--and specifically on WFG--in the languages of developing Asian countries. WFG sucks in very many of its trusting starry-eyed recruits from these places.

Let’s start with guides published in Mandarin, Cantonese, Vietnamese, Indonesian, Tagalog, and Hindi. Also, it'd be great to have MLM- and WFG-withdrawal counselors who are fluent in those languages and cultures to help ex-MLMers/WFGers in their recovery.

Prudencio Zlt

WFG hoodwinks even folks with good English. No wonder here on the Left Coast I see loads of Asian immigrants wading into this poisonous pool, sucked in by lotusland promises.

Funny but at least two Asian countries, China and Nepal, outright *banned* multilevel marketing (MLM), which is WFG’s operating model:

W-wlaw dot com/mlm-laws-in-china/

“...At the end of 2005, China passed a law entitled the “Regulation of Direct Sales and Regulation on Prohibition of Chuanxiao”.

Chuanxiao basically translates to multi-level marketing…”

en dot people dot cn/90001/90778/90858/90863/699****.html

“...Nepali government has finally imposed a ban on network marketing business, ending a long-running marketing scam of Unity Life International (ULI) that cheated hundreds of thousands of Nepalis for years…”

I don’t have these countries’ specific legal definitions for MLM. But clearly we see deep concerns about this very troubled business model even at the highest gov't levels.

Guest

Thanks for the post Dreidel, we need more former WFGers (and clients!) like you to shed light on this sad company, especially when sad WFG loyalists continue to challenge us dissenters without providing FACTS, CALCULATED NUMBERS and SOURCE MATERIAL. Very appreciative that you are emphasizing sources, even old ones and outside this site.

Really sad though when most of the WFG loyalists can't refute an argument with all those 3 things above besides saying statements along the lines of "it's not complicated, that person didn't make it, I made this and this so it must work" etc.

It's not impossible for them to make a sufficient argument either, they can so either they really can't fight back because they truly don't know their stuff, really bad at arguments, or they don't care and hope we believe them... I hope you continue to write or comment on this site to help spread the word, we have few but loyal anti-WFGers.

Guest
reply icon Replying to comment of Guest-1189287

A lot info to review and eliminate financial losses and headache

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Majid R Bey
map-marker Toronto, Ontario

Disappointing Technical support

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I can't access my account and called customer service line. The menu directed me to only two options: 1. WFG Mail 2. Manulife code Quite embarrassing.
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1 comment
WFG

Hello Majid, We aren't sure exactly which account you are unable to access and cannot assist without an agent code. If you are unable to access MyWFG, you will need to either contact home office if you are a Senior Marketing Director or you will need to contact your upline Senior Marketing Director for assistance.

Raliat S
map-marker Hialeah, Florida

I needed help and all effort to get one was ineffective

I was out of the country and by the time I returned access to launch in was blocked. This is so frustrating and hectic. I tried to ask for help but no one is available to render the help needed.
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User's recommendation: Make launching in easier and straight forward

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