World Financial Group Demystifying World Financial Group (WFG) Nationwide Nationwide

First and foremost, WFG is not a job, it's a business, similar to a franchise.

$100 is nothing to complain about. WFG has hundreds of employees to pay. It is a very minimal investment to start a million dollar business.

WFG is not MLM, but the business uses the network-marketing concept. To clarify: all MLMs are network marketing businesses, but not all network marketing businesses are MLMs.

WFG associates do not make a dime off recruiting. In fact the leaders have to invest a lot of time into a new person to help that person start to make money, because only then do they make money. If you are not willing to learn the business, then don't waste your trainer's time. And don't complain about it because you never learned the business to know enough to make a legitimate complaint.

Money is made off of the recruited team by way of overrides. Picture a real estate agency making a cut off every real estate agent in the field selling houses. In WFG, each associate is their own agency, and their recruits are their agents out in the field. When an agent in the field makes a sale (opens an account for a client), the people above with a higher contract level makes the override. This is the basic idea. Not only in WFG, but this is the way any agency works in the financial services industry. Some agencies are independently run, and some are corporate. Picture WFG as both.

WFG offers the opportunity to the masses to get into the financial services industry with absolutely no prior experience, and this is why many people come into contact with WFG associates who may not be seasoned enough to deliver the right message in the right way. The company as a whole should not be judged by a handful of inexperienced people, especially people just learning the business. Just like anyone new to any field has to go thru a learning curve, WFG associates do too.

Of course most WFG associates own products from WFG providers. It would be irresponsible and hypocritical to try to sell someone something you don't believe in yourself. But the poster is very wrong to assume that non-WFG associates aren't buying. There are thousands of clients that are not WFG associates.

WFG is not a product provider. WFG is a broker representing an bunch of providers. Each provider has their own line of products. Some of the providers that WFG represent have really great products at competitive prices. I started working with WFG months after I was a client first. I was impressed that they could save me money and I learned a lot from the financial concepts that they taught me.

About life insurance... Go shop around first and then compare with the WFG providers. Chances are very good that you will find a better value and cheaper rate with at least one of WFG's providers. Your statement about overcharging is a flat-out lie.

In this industry, no matter who you work with, you will either sell or recruit or train recruits. If you don't want to work with WFG because you don't like to recruit, then you might as well go get a job with another financial company and be an employee and be a salesperson. Bad thing is you have no ownership and when you get fired or laid off because you didn't make quota, all your book of business will stay with the company and you would have spent all your time building a business for someone else.

You will find that in order for you to survive in the financial services industry you will have to be a super-salesperson. And all the while you'll be by your lonesome self, relying 100% on your own efforts. Eventually you will run out of steam. A smart person would open their own agency, recruit some people, train them, and make a cut off their production, and sell a little him/herself. That is what WFG offers. The difference is, with WFG your approach to sales is education. You don't have to be a salesperson to be successful in WFG.

So which would you rather do? Be super-salesperson, rely on just yourself, top out at $100K/yr.? Or would you rather use a proven system to build your own brokerage... A business that, if you build it according to the system, will grow bigger and bigger, and will give you longevity and prosperity in the most lucrative industry, because you're not just relying on yourself. That's why recruiting is important in this industry, and in any industry for that matter.

In response to your recruiting math... Everyone recruited does not and will not stay forever. Just like every business has turnover, some at higher rates than others. Out of all the people who have jobs or own businesses, how many people actually stay their whole lives? Your argument is pointless.

A final response about losing friends.... First of all, a true friend will not stop being your friend just because you have started a business and want their support. A true friend would listen to you and encourage you, and support you if possible. Worse case scenario they don't like the education or the products or the business, if they are a true friend, they would still be your friend. The WFG opportunity is so great that, in fact, you would not be a good friend if you didn't share it with your friend. If anything, you will find out who your true friends are. At the same token, a WFG associate should remain good friends with their good friends that do not join the business and not hold it against them.

It takes a special kind of person to have a business mind in our society. It takes an even more special kind of person to be able to see a business in financial services. And it takes an incredibly special kind of person to see the WFG opportunity.

The good thing is, WFG is not for everyone, only special people who can see a bigger picture. If WFG attracted everyone, then there wouldn't be people to fill all the other necessary positions out there.

From what I understand an associate will come see your family and figure out a way so that your not stuck paying bills/debts to the bank for a long period of time. I'm not sure how they do that but they work with other companies and they free up money and you can choose to do what you want with it....get the adequate insurance,investment, saving for kids education, retirement, travel. And it is a free service so really all they are doing is educating people. If someone has more information about how they do this it would be much appreciated.

Before you buy any product from them, tell them you want to do an independent research, and ask them for a complete copy of the terms and conditions of the product they try to sell you (most importantly, the life insurance).

Then ask someone outside of WFG for a second opinion, or do the research by yourself. It won't hurt, right? If the product is good indeed, and you need it, go ahead to buy it. Why not? But, if they hesitate to give you that, or try to find an excuse, then you need to be very careful.

Before you buy any product from them, tell them you want to do an independent research, and ask them for a complete copy of the terms and conditions of the product they try to sell you (most importantly, the life insurance).

Then ask someone outside of WFG for a second opinion, or do the research by yourself. It won't hurt, right? If the product is good indeed, and you need it, go ahead to buy it. Why not? But, if they hesitate to give you that, or try to find an excuse, then you need to be very careful.

Before you buy any product from them, tell them you want to do an independent research, and ask them for a complete copy of the terms and conditions of the product they try to sell you (most importantly, the life insurance).

Then ask someone outside of WFG for a second opinion, or do the research by yourself. It won't hurt, right? If the product is good indeed, and you need it, go ahead to buy it. Why not? But, if they hesitate to give you that, or try to find an excuse, then you need to be very careful.

Before you buy any product from them, tell them you want to do an independent research, and ask them for a complete copy of the terms and conditions of the product they try to sell you (most importantly, the life insurance).

Then ask someone outside of WFG for a second opinion, or do the research by yourself. It won't hurt, right? If the product is good indeed, and you need it, go ahead to buy it. Why not? But, if they hesitate to give you that, or try to find an excuse, then you need to be very careful.

First off I would like to say that I don't work for WFG or any other insurance company but I do know how it works but I will not be posting a long thread because it's a pointless argument. However if you search any company you will find someone bashing them because they don't understand or don't know all the information so it's just easier for them to point the finger. My point is if this is a scam as some people would say where is the consumer? I have read post after post but I haven't found 1 person who has bought this service or has gotten serious information from this company and has had a bad experience...I know if I had invested my money into something and a company f***** me over I would be on here burning/flaming/bashing them to hell. I am a person who has my own belief's and judgments and I certainly don't go off someone who is misinformed, I am here to find a person who has done business with this company and as I wish to do business as well, if all your gonna do is bash this company and not have any proof to state your claim than stop wasting mine and your time. Now if you wish to come after me for stating my comment go ahead but I hope your the person who has done business with this company so that I may ask how they screwed you over.