Is World Financial Group A Scam? Independent Review [Updated]

The products sold by World Financial Group:

• Financial Education: Helping families to make sound, better, decisions in regards to their personal and combined finances and teach some key financial strategies.

• Financial Needs Analysis: This is a service offered and provided by a licenced associate to help individuals to properly identify areas of their financial health that needs improving. 

• Power Of Choice: This is a range of financial products available to World Financial Group Clients help them to plan their future. These products include: Disability insurance, Critical Illness Insurance, Immediate Annuities, Life Insurance, Annuities, Long-Term Care, Debt Relief assistance and Tax Resolution program, Mutual Funds, Registered Retirement Savings Plans and many more. 

For details regarding the whole financial and insurance product details visit The WFG website. 

At the core of their business and business model World Financial Group are a Multilevel marketing business where their Associates earn a commission from the sale of financial products and finance services which can be categorised into just 3 areas:

1. Insurance
2. Savings
3. Retirement

To legally sell those products you will need to obtain the proper licences and documentation - you  are after all selling financial products and must be qualified to do so. If you want to do this properly - it is going to require a lot of study and exams. 

If not, World Financial Group will still permit you to sign up but you will be unlicenced and will function on a per referral basis meaning the end sale will not be handled by yourself.

Thus I suspect you will miss out on a great deal of commissions and earnings.

MLM opportunities are notoriously difficult to succeed with regardless of which opportunity and company. 

Mostly, this is due to a lack of training and not teaching you the key skills that you need to succeed online and earn a passive income.

My Number 1 Recommended Product will help you to make a living online by giving you the training that you need and helping you to develop the skills required to become a success online. 

Click Here To Set Up Your FREE Account. 

When you join world financial group it is highly likely that you will get encouraged to get off to a fast start. 

And doings so involves recruiting 3 people and then sitting in on three sales training sessions inside your first month of joining World Financial Group. 

What is really striking about this is if everyone is doing this - who is selling the products?. No focus here at all on selling products or getting clients. 

That right there is not only an obvious red flag - it is so much looking like a pyramid scheme as it is just money changing hands and no actual product, goods or services being exchanged in return and it is being encouraged in perpetuity.

If and when you manage to complete that fast start - you find you have only completed part of it as you will need to complete the rest of their 3-3-30 to join the 3-3-30 club. 

Basically your next step is to get your three recruits to recruit three people more which will make a grand total of 12 people in your team. Notice that still, no push for product sales, recruit, recruit, recruit!. 

There is a strong emphasis on this fast start system by the company.

This is quite dangerous for the health of any business that you start with World Financial Group because if you are not generating sales in your business, either by yourself directly or by your "product" is people and new recruits. 

Sooner or later they will all realise no products are being sold and everything will collapse. Product sales are the life blood of any and all business's.  

With the compensation plan following their recruitment drive you can go 4 levels deep and end up with 120 recruits in total.

Reading through the compensation plan you find that when you start, you status is that of  Training Associate. 

If and when you manage to sell products you can earn a nice 30% commission. To earn higher commission you need to advance up the ranks. 

World Financial Group Has 6 Ranks in total which are as follows:

• Training Associate: At this rank you can earn a 30% commissions. This everyone's starting point.

• Associate: At this rank you can earn a 45% commission. To qualify you must recruit at least 3 new associates and get 3 new sales in your first 30 days to obtain this rank.

• Senior Associate: At this rank you can earn a 55% commission. To qualify you must recruit at least 10 new associated and get 10 new sales in your following 30 days to get to that rank.  

• Marketing Director: At this rank you can earn 62% commission. To qualify you must recruit 25 new associates and get 25 new sales in the following 30 days. 

• Senior Marketing Director: At this rank You can obtain 80% commission To qualify you must have.
  • At least 75,000 points obtained over the previous 3 months
  • Have at least 10 life licensed WFG associates in your downlines
  • Must have earned at least US$35,000 in commissions over the previous 12 months. 

As you can see without recruitment - you can't advance. There is also something striking about the commission structure - add them all up, as each individual must be paid their dues we get 30% +  45% + 55% + 62% + 80% = 272%. 

2.72x the price of the actual product.

How the company can pay out US$272 for every US$100 in sales made is rather questionable...perhaps the need for recruitment to make up for that short fall in finance. 

If anyone can clarify - comment below this article!. 

Watch the video below for a detailed visual explanation of the compensation plan.

Why The Emphasis On Recruitment?

At the crux of the matter this is how World Financial Group Make money!. 

Part of the recruitment process for new members is the completion of a financial needs analysis - which can be done online. When this has been satisfactorily completed a new recruit is offered a financial plan with no initial up front fee to be charged. 

A Licenced agent, which may also be your WFG sponsor will present to you with all the particular products that you may require to secure your future, be they insurance, investment or pension plans. Your Sponsor will earn on the products that you agree to buy. 

In short, you at this point are not only an Associate but a prospective client and sales lead for your upline. 

Although the company manuals and documents clearly state that you are not obliged to sign up for any of their products which means regardless of the pressure put on you by whatever means be it emotional blackmail you are not obliged to purchase any of their products. 

This is actually a very good thing in my opinion as many multilevel marketing companies obliged the purchase of products in order to remain as an active agent or distributor. 

This is not the case with World Financial Group. 

However, while buying their products is not compulsory for new recruits selling products very much is.  

Wind your eyes back and scroll back to the ranking system and what is required for you to advance the ranks and see how the number of recruits and new sales match each other. 

The training manual puts it rather bluntly and to the point. "Aim for new recruits and hit them with sales". 

Meaning selling to new associates is obliged...even if they are not obliged to buy, you are to hit them with a sales pitch, get them to sign up and that is how you advance in the ranks basically!.

If you do not keep recruiting, World Financial Group risk a slow death to their business. 

Something I always check out is how a company is rated and accredited by the Better Business Bureau.

Seeing how they are rated lets both you and I see and know how professionally and legally they conduct business. 

It is pleasing to see that a financial institution such as World Financial Group are fully accredited and hold a Perfect A+ rating.

There is an very concerning regularly of certain type of complaint being made to the Better Business Bureau by not particularly by agents or clients but by individuals that appear to have been duped into unknowingly becoming agents. 

Which is very alarming and does make me question the A+ rating. 

I have reproduced some of those complaints as both evidence and for your reading pleasure and as a warning. 

There are some good things that I do like about World Financial Group which are: 

• Fully Accredited and perfectly rated at A+ by the better business bureau. 
• There is no obligation to purchase any of their products
• You are given a free complimentary financial analysis of your current situation and advice on what may help you - even if you may be hit with the hard sell, you are not obliged to buy them!. 

Nothing is ever perfect, and let's be real here - never will be. There are some things that I don't particularly like about World Financial Group. 

• Meetings To signup and become an Associate are really sales events!
• Your Upline can pressure you into buying products you are not obliged to buy. 
• Very recruitment heavy. 
• You are, even though not a written rule, you are obliged to sell to your recruits or at least hit them with a sales pitch!.

Multilevel marketing business opportunities are obliged by regulation and law to provide a full and updated income disclosure statement on their website. 

I could not find an income disclosure statement at all anywhere online - let alone on their own site. In my experience of having reviewed over 600+ opportunities this is never a good thing. 

I see some figures thrown around very openly available on the WFG website, unfortunately those are just numbers and not backed up by any data and I do notice that only the higher ranks and earning are shown. 

This is very misleading as there is no indication as to how many agents obtain such ranks and as a percentage of all recruits. Nor are average income or median income show. 

What you see on their site is just numbers and not facts. 

Given the very misleading nature of the company in this fashion and a lack of an obliged income disclosure statement I am inclined that it is very unlikely that you will earn a full time liveable income from the World Financial Group Business Opportunity. 

Great question, and I really do need to watch my step here legally speaking and avoid recriminations, take down notices, lawsuits, defamation, etc etc,  from their lawyers. 

Thankfully, I am permitted to state my opinion, as long as I am careful and clear.

It is in my opinion that World Financial Group "Could be" (cough, splutter, nudge, nudge, wink, wink) a Pyramid schemed. 

The reason for my opinion that they could very well be a pyramid scheme is based heavily on the emphasis of recruitment.

World Financial Group do adhere to all regulations, are fully accredited by the Better Business Bureau and do have a line of products, financial services, attached to their opportunity so technically they are in line with the laws and regulations and in particular the 1979 Amway Ruling which differentiates MLM's from Pyramid scheme due to having a retail side to their business. 

However,

Many network marketing businesses due to having a difficult to sell product or one that is expensive do end up operating like or "as if" they were a pyramid scheme due to no or very little products being sold and being rather recruitment heavy as this is how distributors make back their investment when they can't sell the products. 

In the case of WFG - products are available and being sold, but not particularly to those outside of their business opportunity (in my opinion) and with a heavy emphasis on recruitment it certainly raises questions. 

Watch the video below to find out how to identify a Pyramid Scheme.

Yes, due to the way in which the company is structured and how agents are compensated it is fairly evident that World Financial Group is a multilevel marketing business opportunity. 

No question about it at all!

Another really good and difficult question to answer!. 

Officially speaking World Financial Group is not a scam as they are not actually breaking any given laws or regulations. I'd find it very difficult to comprehend how the Better Business Bureau could give an A+ rating and full accreditation to a business that was operating a scam. 

With all due consideration and technicalities WFG are not actually a scam. At least not legally speaking!.

This is not to say that I recommend them or that I think they are legit either. I'm just saying in they eyes of the law WFG are not a scam. 

In my opinion you are best to avoid not just World Financial Group but MLM's in general. 

Very few people succeed in multilevel marketing. The whole industry has a horrible reputation and a rather high failure rate. 

The main reason behind this is the distinct lack of training. In just about every case I have seen where training is apparently available and given they end up being more sales events to get distributors to upgrade or buy more products than they need and no training given

I suspect the initial meetings with WFG are in this fashion also.

Most MLM's themselves fail because of a real lack of genuine organic sales.

People don't buy the products associated with the company or business opportunity, they buy them either because of an obliged minimum autoship to remain as an active distributor or they buy the products as a starter pack because they want in on the opportunity and not because they want the actual products!.

With World Financial Group - there is no doubt about it - you will need to be good at recruiting and selling to those recruits to make this one work for you.  

In my opinion, you are better seeking out less complicated ways of making money online that don't involve face to face selling or recruiting and still lead to a passive income!.

Affiliate Marketing is my Number 1 recommended way for making money in the digital world both for those just starting out and those that are semi experienced. 

The reasons are pretty simple:

• No huge startup costs!
  
• No Selling face to face!
• No Stock to keep or manage!
• No huge investment involved - (Get started with a FREE TRIAL!)
• No networking or recruiting required. 
• You can operate in any market you wish! - even your hobbies & passions!
• Earn a full time income & more!. No limit to your earning potential!. 
  

In fact...

I have created and built a regular mid 4 figure passive monthly income and fully enjoy a life of travel to where I want and when I want. With no boss to answer to and zero annoying colleges I co-worker enjoy life and work when I choose to.

This is all thanks to Affiliate Marketing!

To emulate what I have achieved, real freedom and a passive income stream, click that red button below..and watch the video that I have prepared for you. 

Because MORE MONEY IS Waiting For You. The Question Is: WILL YOU TAKE IT?!?