- Report: #223737
Report - Rebuttal - Arbitrate
Complaint Review: World Financial Group
World Financial Group355 E. CAMPUS VIEW BLVD COLUMBUS, Ohio U.S.A.
World Financial Group Do not become a victim of WFG salesman COLUMBUS Ohio
*UPDATE EX-employee responds: Again
*UPDATE Employee: Hard to believe
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After I signed the paper work, she did not tell me about grace period, after I got my policy document, she pushed me to put more money to my account, she told that the sooner and the more I put money on my account, the more I would earn. Actually the more money I put on my account, the less the possiblity I cancel my policy because of the surrender change.
Following is the four steps WFG salesmant mislead and cheat you:
1. Recommand you buying VUL without telling you fees and charges.
Actually VUL is not a good product, you need to pay more for your insurance if your investmment is not good, you may pay more than the the tax benefit you can from it. So please consider term life insuance first when you buy lift insurance, and consider 401K and IRA first if you want to benefit from tax deduction. Never buy VUL, since it is very complicated and difficult to manage.
2. push you sign paper work
3.Let to write a check.
4. push you put more money on your account.
you are very easy to become a victim, because the salesmen are often introduced by your friends
This report was posted on Ripoff Report on 12/04/2006 04:46 PM and is a permanent record located here: http://www.ripoffreport.com/r/World-Financial-Group/COLUMBUS-Ohio-43235/World-Financial-Group-Do-not-become-a-victim-of-WFG-salesman-COLUMBUS-Ohio-223737. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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