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無回答 2012/04/23 21:06:07
World Financial Group Reviews
Legit or Scam?
World Financial Group (WFG) is a multi billion dollar financial services corporation with a hybrid business model. It deals with several financial products including: Life Insurance, Variable Universal Life Insurance, Mutual Funds, Annuities, and Mortgages.
World Financial Group's hybrid model is very similar to that of Primerica. It's basically the fusion of a standard financial services business with Network Marketing. Meaning that they recruit and train new associates to go out and sell financial products while recruiting people to join the business opportunity.
Due to this practice many former recruits have called World Financial Group a Scam. However, there is no way that World Financial Group is not an outright scam, it's a publicly traded firm that brokers real products. Then why does it have such a notorious reputation? The reason that people call World Financial Group a Scam is because there are several downsides to this hybrid business model.
First of they encourage recruiting and selling to friends and family. Second, although they screen recruits many lack a formal education, third, when recruiting they're often evasive and conceal the true nature of the business, marketing it as a salaried position, and finally WFG's varying product commissions cause some reps to give financial advise that would benefit them more than their customers.
People need to know what they are getting themselves into when they join the World Financial Group. The opportunity requires investing heavily in your own financial education, which is not a bad thing. Yet it also requires heavy sales and recruiting practices.
World Financial Group claims to have some very noble goals, such as spreading financial education to those in dire need of it. The problem is that, at times, the needs of WFG reps to recruit and make money overshadow that goal and give WFG a bad reputation.
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