I dunno, I have the same question...

> We were approached with an oppurtunity, I guess to be insurance brokers
> for a company called world financial group- they are a part aegon (which
> is supposed to mean something...) The deal is I pay 100 $ to join and then
> through word of mouth contact people who are looking to re mortgage or
> needing insurance or IRA'a etc and I'd earn a commission from that- but
> their real deal seems for me to sign up new brokers- that seemed to be the
> real push in the meeting anyways. The do offer a certification course (for
> $1100). well anyways- I was just wondering if anyone had heard of them.
> and what your thoughts were. The little warning signs to me was the up
> front 100 vs. a resume and the scripting they give to talk to your friends
> about a "great business opp" but never telling them what it is.
> I don't know... please any info would be great.

"Certification course" eh? :-) hehe I see...... Whats going on is that they aren't selling enough life insurance policies to make money so the upline has their own "certification courses". Correct me if I'm wrong, but the coursework is for the insurance test and the Series 6,63 tests? Those courses are usually around $200. $1100 is ridiculous, but necessary considering the fact that they don't sell many policies. When you don't (or can't) sell life insurance to people, you recruit people and sell them "certification courses" for $1100. Pretty good eh?

World Financial Group is ostensibly a financial brokerage firm that sells variable life insurance policies as well as mutual funds, IRAs, annuities, etc. Yes, one can join this organization and have them sponsor you so you can take the insurance and securities exams so you can sell those products. But as you guessed (correctly), they are there to get you to recruit warm bodies into their downline.

If one wants to get into the insurance and securities biz, there are better companies. Reputable companies will require a resume and references and they will pay for the prep classes for exams. And when you get the licenses, you sell the products, not recruit people.

There are a lotta these fools in my area and once in awhile they approach me and try to recruit me. After having been fooled once into going to a meeting, I have since caught on to their game and I'm on to 'em right away. They'll start with some compliment like "wow, I really like your attitude!!" or "You're very professional!!!" or some such nonsense. It's just that I'm a salesman, so they think I'd be perfect for their MLM.

The last lady that approached me told me, "I think you'd do well in my financial firm!!" I'm like, "Oh yeah?" So I was thinking to myself, it hasta be either Primerica or World Financial Group. Since WFG was more popular in my area, I said, "Hey, lemme guess..... World Financial Group?" and she was all surprised, "What? You heard of us!!:-)"

Of course I heard of 'em. I looked up " WFG scam" on google and I got tons of info as well as being tricked into going to one of their recruiting sessions a few years ago..... so yeah lady... I heard of 'em. Anyways, I was polite and still smiling and had a chat with her feigning ignorance as if I pulled the name "World Financial Group" out my rear end. And what do you know.... she thinks I made a lucky guess and was trying hard to recruit me. Nice try, but I ain't into rinky-dink MLMs.