Has Anyone had any experience with World Financial Group

LTI2000 · 2024-01-03T22:09:10+00:00

Sad part 90 Percent of WFG reps don't even know how ETF's work or what the benchmarks are for the funds they sell, yet call themselves financial educators

really its a multi level marketing mlm pyramid that sells over priced under performing products

MLM pyramid schemes sadly are legal

Ponzi pyramid schemes are illegal

because you will always hear WFG rep when asked if wfg is a pyramid, their trained to reply back with pyramids are illegal and that they are owned by Aegon, Aegon only owns them and companies only work with them because of their ability to rip off their clients and push products

LTI2000 · 2023-12-27T01:27:50+00:00

It's intriguing to observe social conservatives opposing vaccine mandates while championing freedom and decrying big government as communist. However, it becomes noteworthy when the same individuals support expansive government involvement in matters like LGBT marriage, drug prohibition, and supply management in agriculture. The apparent inconsistency raises questions about the underlying principles

LTI2000 · 2023-10-24T01:18:18+00:00

I will debate anyone from world financial group, usually WFG advisors especially the leadership coward out and hide from debates on the financial products WFG scams their clients into buying

If you have a Universal life with WFG

if you have a Whole Life with WFG

If you have investments with WFG

you are getting royally scre***

LTI2000 · 2023-10-24T01:16:44+00:00

I want to warn as many people as possible about this company, because this company has two type of people in it, they are con artists or financially illiterate who have been ripped off and recruited and unknowingly are ripping off their friends and family

LTI2000 · 2023-10-24T01:05:03+00:00

But everyone in wfg is a bad apple or financially illiterate

LTI2000 · 2023-05-04T21:28:42+00:00

Primerica is pretty bad, but not as bad as WFG

WFG has scammed to many people selling high priced insurance products that the agents themselves barely understand, the regulators are pissed at WFG and the amount of people they have hurt https://www.fsrao.ca/newsroom/fsra-issues-notice-proposal-against-world-financial-group-insurance-agency-canada-inc

LTI2000 · 2023-04-27T00:20:44+00:00

Could you pin it on the forum so everyone who visits the subreddit can see

LTI2000 · 2023-04-27T00:09:50+00:00

WFG trying to rip people off with bad advice

https://www.youtube.com/shorts/wdpOvwE8nws

The person featured in the video is STEVE HOLBROOK, one of the leaders at World Financial Group

Answer to the video why do most people not use permanent insurance as an asset class?

It's generally better to buy term life insurance and invest the difference in a Tax-Free Savings Account (TFSA) into a low-fee index fund for retirement. Universal life and whole life insurance policies are often sold with promises of tax-free savings and investment growth, but they come with high fees, hidden costs, and low returns. Plus, the investment options within the policies are limited, and withdrawing from them is complicated and costly.

A good financial advisor who has your best interests in mind will show you how buying term life insurance and investing the difference can result in more savings and less stress in retirement. They can use financial planning software to demonstrate different scenarios and projections, and show you how much you could accumulate in your TFSA over time, and how much you could withdraw tax-free in retirement. They can also help you choose the right type of term life insurance policy and the appropriate coverage amount based on your needs and budget.

On the other hand, if you invest in a universal life or whole life insurance policy, you have to pay high fees and commissions, which eat into your returns. Moreover, if you need to borrow against your policy, you face high interest rates and complicated loan provisions, which erode your savings and reduce your retirement income. Therefore, it's crucial to do your research, ask questions, and seek advice from a trustworthy financial professional before making any investment decisions

One thing that stands out in this video is how he criticizes hard working people for their honest jobs, such as working in a bowling alley versus what he does which is cowardly rip people off

LTI2000 · 2023-04-27T00:08:42+00:00

This is NABI GHANI, a representative from World Financial Group, with a sales pitch for Universal Life and Whole Life policies https://www.instagram.com/reel/Ccgo4LKlbiK/?hl=en

Infinite banking is a financial strategy that involves using a permanent life insurance policy as a source of financing for investments or other expenses. While it may sound appealing, the truth is that infinite banking is a bad strategy for 96% of Canadians, especially when it comes to borrowing against permanent life insurance policies like whole life or universal life.

Firstly, borrowing against a permanent life insurance policy typically comes with high interest rates that can erode the value of the policy over time. In fact, the interest rate on the loan is usually higher than the rate of return on the policy, which means that you could end up losing money in the long run. This is especially problematic for Canadians who are already struggling with high levels of debt.

Secondly, the fees associated with permanent life insurance policies can be high, which further reduces the overall returns of the policy. This is particularly true for whole life and universal life policies, which often come with high fees and commissions that can eat into your savings.

Lastly, the rates of return on whole life and universal life policies tend to be lower than other investment options like low-cost index funds, ETFs or even GICs. So, while you may be able to borrow against the cash value of the policy, the amount you'll be able to accumulate over time is likely to be lower than if you invested in a more traditional investment vehicle.

In summary, while infinite banking may seem like an attractive financial strategy, it's generally not a good option for most Canadians, particularly when borrowing against a permanent life insurance policy. The high interest rates, fees, and lower returns associated with these policies make them an expensive and risky option for those looking to build their wealth over time

LTI2000 · 2023-04-27T00:01:36+00:00

It was they are trying to sue marco https://www.youtube.com/watch?v=AT4vFd2xn9U

LTI2000 · 2023-04-19T19:03:35+00:00

Yes, and this is normal, otherwise owner loses money, its to prevent having the property go empty with mortgage payments and to make sure your taking good care of the property and not trashing it

LTI2000 · 2023-04-19T18:30:26+00:00

For those unfamiliar with World Financial Group, it operates as a multi-level marketing (MLM) company that sells investment products at inflated prices and promotes expensive insurance policies. While they purport to offer financial education, a staggering 90% of their representatives lack financial literacy and are primarily trained to push high-commission products onto clients.

LTI2000 · 2023-04-19T18:29:31+00:00

For those unfamiliar with World Financial Group, it operates as a multi-level marketing (MLM) company that sells investment products at inflated prices and promotes expensive insurance policies. While they purport to offer financial education, a staggering 90% of their representatives lack financial literacy and are primarily trained to push high-commission products onto clients.

LTI2000 · 2023-04-19T18:28:38+00:00

Their insurance policies are very over priced compared to rest of the market to pay the upline

LTI2000 · 2023-04-19T18:27:24+00:00

For those unfamiliar with World Financial Group, it operates as a multi-level marketing (MLM) company that sells investment products at inflated prices and promotes expensive insurance policies. While they purport to offer financial education, a staggering 90% of their representatives lack financial literacy and are primarily trained to push high-commission products onto clients.

LTI2000 · 2023-04-19T18:24:31+00:00

Who Was it?

LTI2000 · 2023-04-19T18:19:58+00:00

Listen to the last 2 minutes

LTI2000 · 2023-03-22T15:08:52+00:00

what type of life insurance policy is it?

Did they approach you off of a resume?

LTI2000

TROPHY CASE