Report: #160977

Complaint Review: WFG World Financial Group - San Jose California

4 Updates & Rebuttals

Reported By:

- san jose, California,

Submitted:

Updated:

Author Confirmed

Why?

WFG World Financial Group

Stevens Creek Blvd San Jose, 95128 California, U.S.A.

Web:

N/A

Categories:

Insurance Agencies

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WFG World Financial Group illegal San Jose California

*UPDATE Employee: VUL is a great life insurance product.

*UPDATE EX-employee responds: Check your facts

*UPDATE EX-employee responds: VUL product is NOT for the beginner, like WFG promotes it to be.

*UPDATE Employee: WFG-AEGON A Great Company helping failies

IF they told you that the VUL is an "investment" they can lose their license and/or go to jail. If you have any written or recorded proof, or have witnesses that prove that an "upline" or employee referred to the VUL as an "investment" report them, because terms like "investment" cannot be used by them for this product. It is against the law. It is not an investment. Good luck with bringing down these zombie-risers!

Thomas

San Jose, California
U.S.A.

Click Here to read other Ripoff Reports on WFG World Financial Group

4 Updates & Rebuttals

John

Orem,
Utah,
U.S.A.

WFG-AEGON A Great Company helping failies

#2UPDATE Employee

Fri, May 18, 2007

A NEGATIVE 1%, yes -1%. What are we doing for our future? NOTHING We are all hoping for the Lottery to bail us out. or some type of winfall. I'm in sad shape myself and now WFG is showing me the WAY to fix it! Instead of criticizing something you really know little or nothing about. Google World Financial Group. I did! There are a bunch of good things there. Testimonials of families that have been helped. I have personally met people who are now in their early 60's and have nothing saved. Husband and wife both working 2 jobs. We have found a way to help them. Now I'm not going to ramble on and on, but If we can help these folks, then we can help anyone. One last thing about recruiting people to work for the company. You really do need to pass the background check. So this person with all the records might have a problem. But, if there are no felonys, WFG could help them turn their life around. One has to keep an open mind and be coachable to learn. My trainer doesn't like to hire young college students. He says they are always complaining and making excuses. To do good at any real business tyou must work hard to reap rewards. As an employee you can slack off and still get paid. That is best for most college students and early young adults. Us that have graduated from the school of hard knocks, really appreciate a genuine opportunity to have a chance at owning a piec of the pie. The opportunity the reach ones greatest potential in a country that was made great by enturpeniers. ( I know I can't spell to well, but I'm still sucessful). The USA prents each one of us the chance. We are blessed beyond measure to have the opportunities. I always find it interesting when I talk to someone who has come from another country. It is amazing what they can do with this opportunity. Where most of us just complain, they excell with a chance to build their own business. Ok, one last thing Just so you don't get the idea that I'm not a college graduate. I am. I am greatful for my education and my degree. It has opened many doors of opportunity to me. But I look back several years when I was a youngster just going to school I thought I knew it all then also. But as I grown older I've learned how much I don't know. These guys and gals at WFG, many of them younger than I are willing to teach me and give me my opportunity at the big time. GO really check AFG out. It's not for everyone. OBVIOUSLY, not to the winers who gripe about it here. This website is great. It's an avenue for free speech. But it should be used for people with real complaints about a company. Not for someone to whine about how they couldn't make it in the business world. Ther are real ripp-offs out there! But WFG isn't one of them!

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I check that I was an employee because there isn't a choice for independant agent. What I have noticed about WFG, is that some groups must use or have used different practices in their efforts of promoting WFG. I'm thrilled with what our company does. WE Help Families!!! America is in aWorl of Hurt! WE AS A Nation SAVED last year, now get this-----> A NEGATIVE 1%, yes -1%. What are we doing for our future? NOTHING We are all hoping for the Lottery to bail us out. or some type of winfall. I'm in sad shape myself and now WFG is showing me the WAY to fix it! Instead of criticizing something you really know little or nothing about. Google World Financial Group. I did! There are a bunch of good things there. Testimonials of families that have been helped. I have personally met people who are now in their early 60's and have nothing saved. Husband and wife both working 2 jobs. We have found a way to help them. Now I'm not going to ramble on and on, but If we can help these folks, then we can help anyone. One last thing about recruiting people to work for the company. You really do need to pass the background check. So this person with all the records might have a problem. But, if there are no felonys, WFG could help them turn their life around. One has to keep an open mind and be coachable to learn. My trainer doesn't like to hire young college students. He says they are always complaining and making excuses. To do good at any real business tyou must work hard to reap rewards. As an employee you can slack off and still get paid. That is best for most college students and early young adults. Us that have graduated from the school of hard knocks, really appreciate a genuine opportunity to have a chance at owning a piec of the pie. The opportunity the reach ones greatest potential in a country that was made great by enturpeniers. ( I know I can't spell to well, but I'm still sucessful). The USA prents each one of us the chance. We are blessed beyond measure to have the opportunities. I always find it interesting when I talk to someone who has come from another country. It is amazing what they can do with this opportunity. Where most of us just complain, they excell with a chance to build their own business. Ok, one last thing Just so you don't get the idea that I'm not a college graduate. I am. I am greatful for my education and my degree. It has opened many doors of opportunity to me. But I look back several years when I was a youngster just going to school I thought I knew it all then also. But as I grown older I've learned how much I don't know. These guys and gals at WFG, many of them younger than I are willing to teach me and give me my opportunity at the big time. GO really check AFG out. It's not for everyone. OBVIOUSLY, not to the winers who gripe about it here. This website is great. It's an avenue for free speech. But it should be used for people with real complaints about a company. Not for someone to whine about how they couldn't make it in the business world. Ther are real ripp-offs out there! But WFG isn't one of them!

Mitch

Berkeley,
California,
U.S.A.

VUL product is NOT for the beginner, like WFG promotes it to be.

#3UPDATE EX-employee responds

Mon, April 16, 2007

As a LICENSED INSURANCE PROFESSIONAL. It's vital to determine something WFG never does, it's called "SUITABILITY" the VUL product WFG offers is not more than the worse junk on earth. Allow me to explain. A VUL is in a nutshell MARKET DRIVEN, WFG never properly explains this. The common 9-5 employee should not get themselves involved in this UNLESS they have the proper $$$ to lose. Again, it's all about what a person(s) can afford to lose. MOST of the WFG staff that comes on board do not understand the simple basics of a VUL product, let alone explain in PROPERLY. If you feel the VUL is the best product / investment, I STRONGLY encourage you to research the product BEFORE you start bragging about it. Also, ask other LICENSED brokers / agents from a variety of sources to get a UNBIASED point of view regarding the VUL product. I agree there are agents who HYPE the company rather than providing facts on the products. Here's another idea: How about ASKING CURRENT CLIENTS FOR TESTIMONIALS, not someone who only signed up for their VUL last week, but someone who has had it for more than a year or two. Remember, HYPE never provides facts, only sells to the emotional side.

Clint

Temecula,
California,
U.S.A.

Check your facts

#4UPDATE EX-employee responds

Mon, April 09, 2007

I think that you should check your facts. I would recommend reading the client brochure for a VUL. Leave the marketing and sales of these products to LICENSED professionals. We are part of one of the most highly regulated industries in the US. Lying and mis-representation lead to jail and fines something none of us are fond of.

Nick

Oakbrook,
Illinois,
U.S.A.

VUL is a great life insurance product.

#5UPDATE Employee

Mon, January 16, 2006

VUL is an insurance product which lets you build cash value in its sub accounts. It is not an investment and if someone from our company is mistakenly stating that , I believe they should be penalized. World Financial Group is part of AEGON, which has a impeccable world reputation with assets of over $300 billion , they own Transamerica Life from San Francisco and if World Financial Group was a company that was going to damage Aegon's shareholders they wouldn't have acquired us in 2001.

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