World Financial Group [WFG]
Reviews and Complaints

A. Unethical and Illegal Behaviour
- My uplines teamed-up to move my wife from my team and placed her under someone else without my concern. WFG policy emphasizes that couple, husband and wife, must be one leg in one team.
- My wife ID number is 51PJD (BATALE TSHIMANGA)
- This incident was discovered on July 02, 2019, and I am not sure what date this unethical / illegal practice was initiated.
- There are other members of my team that I don't see anymore in my bubble chart. It is obvious that the uplines have moved them or mapped them somewhere else without my knowledge.
- Names of my uplines: (1) Dali Josipovic
(2) Nita Dalal
(3) Gaeton
- Desirable Solution: Reinstate my wife under me directly.
-My WFG ID number is: 27AHD Mukengeshayi Tshimanga)

My contact number is [protected]

I want my money back. I'm in the hole approximately 1000.00 because of their lies. I was a WFG "agent" and I use that term loosely. They brainwash people into paying them 100.00 to become an associate and then push and shove for you to recruit, recruit, recruit. When you try to get out they are condescending. When you finally do get out you are threatened with collections of E&O fees and recoupment of commissions from clients that cancel policies. Of course, when they are selling you the dream they don't tell you about any of that.

I want my money back.

I was invited to attend an employee assessment and job interview on September 22, 2018. When I arrived, the building was locked and a number of people were sitting in their cars. We waited 15-20 minutes after the scheduled 11.00 am start time for the associate to unlock the door and let us in the building. I spoke to some of the others waiting and they were all given the same story I was, that we were there to take an "assessment" and interview for a position as a financial adviser. We were not given an assessment as we were told, but attended an hour long presentation on why Transamerica/WFG was career worthy. Following the presentation, we were split up and escorted to different offices for our "interviews". I was told that a $100 fee was needed for a background check and to provide several personal and professional references. I grew suspicious of the legitimacy of this interview when the associate I was interviewing with repeatedly interchanged "references" with "leads" and asked me if there was anyone else I knew who could benefit from a financial planning seminar.
As I work in the legal field, I immediately looked up State Law regarding state and federal background checks and the case history for the WFG/Transamerica group class actions. Background checks are capped at $20 and are the responsibility of the prospective employer in the State of New Mexico. I probably could have ignored the class action law suites and the thousands of employee and consumer complaints but Associate Diane Anderson chose to lie about where my money was going and why. As such I would like the full $100 fee refunded and all of my information stricken from WFG records including the "references" I provided.

Tracking number: 1271635
Associate ID/code number: 64DLV.
Purchase Number: 6707258
Order Number: 6117991

I attended a presentation on August 5, 2017 and was pressured into becoming a sales rep. I gave in and paid $100.00; they gave me a small 'restaurant-like sales receipt." The next day I notified the 'sales rep in-training', who is my former co-worker that I wanted my refund because I do not want to be a sales person. She told me that the salesman will be out of town until next week. I waited a week then tried to contact her to no prevail. The my ex-coworker no longer responded to text or phone calls. I finally spoke with the salesman (who just happened to answer the office phone). He was the same guy who accepted my money and gave me the receipt. He refused to give me his name and actually said to me "It's only $100.00. He laughed and said "Remember I have all your personal information". When I try to call the company, there's only tape recorded information and you can't get through to live agents. I guess they are doing great because they are tricking people to pay fees. Just think, they could have done worst with the large monthly payments I was willing to pay for investments. I was fortunate to take my business to a more reputable company. These agents really make the company look bad. I will report them to the Better Business Bureau and will forever share this story with everyone I meet.

I think I need an employment attorney please. I joined wfg end of 3'16. I was presented my business plan. The ceos (Kaitlyn groshong velasquez & johnny velasquez) were aware I want to join not to refer clients. I think what this company does, they tell you you need to be trained, contact your top 50 people and while she presents to them, i, as a trainer, listen so I get actual training. We were given 7/15/30 days business plan, which I accomplished and I got business from my daughter, my brother, my neighbor, my aunt, my son and my own personal transactions. I passed my life agent license 4'16. I was promoted 2x. The ceo convinced me to transfer my 401k, ira, investments to voya. She told me to call my merrill lynch, fidelity, etc and told me to tell them she is my financial advisor. I found out she does not have a securities license. She transferred all my $'s to voya. I thought I will get paid commission. I had another employment problem, the previous wfg did not transfer me to this new wfg till later. Finally, I got transferred with velasquez. Finally, I asked when I will get paid. I found out that kaitlyn & johnny (And joe villanueva) took all my clients, put them in their names and they got themselves full commission esp from my own personal investments of $212k from voya annuity. They gave me a piece of paper how much they'll pay me. I was shocked & told them I am a licensed agent! But to no avail. They gave me partial payment. I told them kaitlyn announced my new commission's 55% so the rest I should get 55%. Johnny said yes. Few weeks after, nothing from them about my last money with 55%. So I emailed and asked for details. They did not pay me the rest because I asked them to show me in details my new pay with my new commission for my review before I meet with them. I did not want to hear their lies without seeing anything in papers for my review. I also asked for commission printout of all my deals, to see how they came out with the commission. The husband, johnny velasquez, promised that all my deals will be transferred into my name. I do not want to hear their lies because I also found out that they did n ot discloses to me that I cannot touch my whole $212k investments till after 10 years, there's penalties, etc. Johnny said they want me to meet in person instead of giving me details of my new 55% before meeting. Johnny also said it is in my best interest to meet him since I do not have a contract. I could not access the wfg employment that I signed online. I did not meet with them. I filed a claim of pay to dlse. I complained to voya but since I signed an acceptance paid, I got denied. The ca dept of ins inspector that I spoke first told me to file a formal complaint, request for reversal, that they will go after voya first then go after individual licensee. But the ca dept of ins who is now handling my case said, I do not have a case. But they're interested with my case because kaitlyn velasquez has limited functions as a life agent because she did not disclose that she has a criminal conviction. My investigator also told me I should instead sue. I also filed a complaint to wfg compliance. I did contact wfg last year and they told me I should not be paid a rebate. This is where I am now. I told voya, dept of insurance, wfg - they at least should look into this so others are not scammed and taken advantage by this wfg handled by kaitlyn & johnny.

How is it possible that througthrough email level company that anyone can join, people are being sold financial solutions to their future? Most of WFGs are under educated and do not have the slightest idea of what finance is. I have learned a lot through my terrible experience and I invite others to come forward and share your stories.

I was sold a life insurance policy as a retirement vehicle. I was even shown illustrations that depicted how my minimal monthly premium would grow into an astronomical tax free retirement account... Very misleading and I was never informed of possible tax consequences.

I was also sold a fixed annuity guaranteed to never go do in value, they never mentioned that the fees alone would eat away at my principal balance. Federal tax consequences were also never informed.

Finance is ddifficult for professional individuals who spent years at a reputable University... How does the industry and our government allow, a teen or an under educated individual to go out into families homes and sell them financial tools and investments, with minimal knowledge and a one-size-fits-all kitchen table presentation.

Please Write To the Following email

Harrassing phone calls from 4 different numbers
[protected]
[protected]
[protected]
[protected]

This company, s logo is No Family left behind. What it does is scam people out of the little money they have and ruins the relationships of the love ones that join this scam of a company. They say they are so big on family being so important when it boils down to the destruction of the family that joins world financial group.

This organization is an Aegon insurance company located in Chino Ca. In my opinion it is a cult and they lure unsuspecting victims to join and rope in other families to join as well. Anyone who comes across these people should run and run fast. THey are mostly crooks and cons to get you signed up for premuim polices while they go buy Bently's rolls royces and other high end cars laughing at the way they jam policies to people who can not afford to make these payments money and instil fear in them if they do not join.

I HAVE NEVER SEEN SUCH A GROUP who has FORMEd SUCH A LEADERSHIP AND CLUT FOLLOWING .I will be contracting the department of insurance in the morning, the sec and the ftc to inform them of the practices and unlicensed members of the company selling all these products without the proper lic required by the state.

Never open your door to WFG representative, they will get in your house but they are looking to get money, family, and friends from you. They will force you to buy their products that actually is real (I did some research with people at AEGON) but that is not the case, they will harass to you and any references you give them to make money. Better go to a Credit Union and ask them to talk with a financial advisor.
I wish I could find this page before I got in to it.

World Financial Group, an AEGON company, is on the verge of collapse! I am just sharing inside information I came accross, and hate to see people lose their money, time, and sense of security! There are legitimate business offices you can go to that do the same thing, without the scam! COLLAPSE!

I get a call from WFG on Friday (HELEN)afternoon stating that the found my resume on career builder and they where impressed with my resume and wanted to interview me ASAP. They talked very fast and I didn't quite get the name of the company.(That should have been the first clue) So I went to the interview which was on a Sat BTW. (The second clue should have been)

When I got to the office there where 30 plus people in the lobby waiting to be interviewed by the same person I was going to be interviewed by.

They brought me in with 2 other victims and asked us basic questions like have you ever heard of WFG?, do you like money?, and what our background was?. Next they brought us into a room with really loud music and we where supposed to mix around the room and talk to people. At this point I was convinced this was a Marketing Scam.

I thanked the lady for her time, grabbed my resume out of her hand and walked out of the interview or mixer as she called it. On my way threw the lobby I announced to everybody still waiting that it was a Marketing scam and walked out. The lady at the front desk looked kinda angry.

LOL It was kinda fun now that I think of maybe I will go back next time I get a call. Just to mess with them some more.

Well, I was contacted by WFG representative. I was impressed by the big stories and the presentations. They gave me big picture and I was so foolish that I left my company paying very good salary. Truth came to picture soon, The lie cost me my job, 6 months of saving 5000 per month. After getting 4 - 5 customers, I was paid 400 to 500. I was promised for 20k to 25k.

After learning that I was fooled, I was shocked and got into accident. It cost 8000/-

My mother in law heard that I was scammed and she had heart attack and she passed away.

Here is their trick. They attract you to use your contacts and then try to get rid of you, so that they can keep the commissions for the rest of life.

Another thing, whenever you go to their presentations or when they come to your home for presentation, just keep the paper of what they write. They will deny you because it is lie.

Recommendation to all :- If you have any enemies, recommend them to him and see how miserable can be persons life.

WFG :- Remember your lie can cost someones job, savings, someone's life.

Remember whenever you get the check, ask yourself is the check is true or from lieing or from getting rid of representative. ASK YOURSELF THE BLESSING ARE IN THE CHECK OR CURSES. THE ANSWER WILL BE CURSES. AND IT WILL HAUNT YOUR LIFE FOREVER.

GOD IS THERE TO WATCH :- NO MATTER WHAT YOU DO.

I am writing the fact, not what is right or wrong. Trying to be informative. There is nothing wrong to do business in Amway style which is somewhat gray zone business. Again, some people love it. Some people hate it. You are the one to make a choice. Again, I am only trying to be informative. The information I share on this website is that WFG usually does not tell candidates at the BEGINNING.

They sell mainly Western Reserve Life's policies backed up by Aegon Bank, a dutch bank. They surely help people who don't have concrete future financial planning. There is nothing really wrong with it.

1. You pay $100 registration fee. WFG does not pay for you.
2. You pay 52 hr. life agent course study -- various schools are available online, you attend in person etc. etc. WFG does not pay for you.
3. Test fee. WFG does not pay for you.
4. WFG's some offices "seminar" do not offer product training. Each office is run differently, which shows that their head office does not have consistent training program for free.
5. Your commission is only 25 - 35% unless you have at least 3 to 10 agents beneath yourself
6. Multi Level Marketing plus pyramid scheme
7. To learn various kinds of financial products, you pay the tuition from your own pocket. (please refer to no. 4)
8. Your mentor sells not only life insurance but also mutual funds
9. You make your business cards at your own cost. They don't pay for you. Their website has a bug so your business cards printed with wrong address and information
10. In the event of your potential customers' rejection, your mentor often tend to blame it on the customers.
11. When you come to conclusion to not transfer your policy to theirs because your current policy has much much better quality, the mentor ends up convincing you that you are crazy.

This model lures the agent by telling them that you would not only gain by sale of yours but also gain by sale of agents under you (Amway Model). The agent should understand that although they are earning bit of other agent's commission, a big chunk of his commission is also eaten by agents above him. Therefore, the commission that the agents get by WFG sales is quite less then the direct sale that they will do with channel other then WFG.

Because WFG believes in quantity more then quality of agents, the application filled quality & the quality of service given to the customers is really poor. This leads to lots of application entry errors, reduced customer satisfaction & at the end, lost customers.

I am currently working for a different insurance company which gives me 85% commission. I do not have to recruit anybody beneath me. I AM NOT LAZY.

The following URL is interesting for you.

http://money.cnn.com/magazines/moneymag/moneymag_archive/2000/05/01/278258/index.htm

After posting my legitimat resume on a website I received a telephone call from Steven. He tells me he found my resume on-line and based on my experience i was just what his company was looking for. We talk for a bit and he asked me to come in for an interview. I agree and set a date. Afterwards I come to this website and look up the company name and lo and behold several compliants. After reading the first 20 i decided to call him and let him know i am no longer interested in coming in for an interview. He imediately gets defensive and says any company you put in is gonna have compliants. so i again tell him im not up for an arguement and i would like to just cancel my interview he then gets rude and makes some off color remarks and tells me i wasnt the right person for the job in the first place. Now if you have a legitimate company you would not have handled this situation this way. So job posters beware if Steven calls you from World Financial Group at [protected] just hang up on him immediately and run like hell.

They sell mainly Western Reserve Life's policies backed up by Aegon Bank, a dutch bank. They surely help people who don't have concrete future financial planning. There is nothing really wrong with it.

The issue is the way World Financial Group recruit. You have to know the followings:

1. You pay $100 registration fee
2. You pay 52 hr. life agent course study -- various schools are available online, you attend in person etc. etc.
3. Test fee
4. WFG's each office "seminar" does not offer product training.
5. Your commission is only 25 - 35% unless you have 3 agents beneath yourself
6. Multi Level Marketing plus pyramid scheme
7. To learn various kinds of financial products, you pay the tuition from your own pocket
8. Your mentor sells not only life insurance but also mutual funds

This model lures the agent by telling them that you would not only gain by sale of yours but also gain by sale of agents under you (Amway Model). The agent should understand that although they are earning bit of other agent's comission, a big chunk of his commission is also eaten by agents above him. Therefore, the commission that the agents get by WFG sales is quite less then the direct sale that they will do with channel other then WFG.

Because WFG believes in quantity more then quality of agents, the application filled quality & the quality of service given to the customers is really poor. This leads to lots of application entry errors, reduced customer satisfaction & at the end, lost customers.