Quick Answer: Is World Financial Group A Pyramid Scheme?

World Financial Group (WFG) Scam

World Financial Group (WFG) is a multi-level marketing company which sells investment, insurance, and other financial products through a network of distributors.

WFG is active in the United States, Canada, and Puerto Rico.

WFG is owned by Transamerica, a subsidiary of Aegon.

Is World Financial Group A MLM?

World Financial Group is an MLM company dealing in financial instruments. The sect I came in contact with typically recruit from the Asian community.

Is World Financial Group A Fortune 500 company?

They are owned by Transamerica, a 100+ year old reputable company, which is owned by Aegon which is a Global Fortune 500 company with over 400 billion in assets.

How much does it cost to join WFG?

Your WFG Career Can Begin Today

All you need to do is: Complete a WFG Associate Membership Agreement. Meet WFG’s association qualifications. Pay an administrative fee of $100 (U.S.)/$125 (Canada)*

What is World Financial Group?

World Financial Group (WFG) is a multi-level marketing company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico.

Is Wfg illegal?

What you’re missing is the fact that in order to make money in WFG something has to be sold. It’s a sales business. The products are insurance, securities and mortgages. Meetings DO NOT generate incomethat would be illegal.

How much does Ed Mylett make?

Mylett owes his initial career to WFG that made him earn seven figures by the time he was thirty. In this regard, he gained induction in the WFG Millionaire Hall of Fame. By the time he was forty, he had an eight-figure generating income. Ed Mylett net worth in the present is nine figures and around $400 million.

Is World Financial Group a legitimate company?

World Financial Group (WFG) Scam

WFG is owned by Transamerica, a subsidiary of Aegon. While Aegon and Transamerica are legit insurance comapnies, the selling practices of World Financial Group has been called a scam by many people. This page will help detail some of the criticisms of World Financial Group as a scam.

Is Transamerica Financial a pyramid scheme?

Transamerica Pyramid Scheme Is Not a Scam

But if you want money via selling these products, you better think again. Try and talk to as many Transamerica agents as you can. There is no doubt that it is a legitimate pyramid scheme.

What makes a pyramid scheme illegal?

Pyramid companies make virtually all their profits from signing up new recruits and often attempt to disguise entry fees as the price charged for mandatory purchases of training, computer services, or product inventory. Pyramid schemes are not only illegal; they are a waste of money and time.