insurance agent

financial advisor

associate

financial professional

financial representative

World Financial Group

You're probably here because you just got recruited and wondering if you should do it. I was with them for 3 years and seen it all so I'll try make it brief and answer any questions you may have. 

1) It's not really a scam per-say because you're selling legit products and are licensed and everything. I just don't like how you have to pay the $100 onboarding fee.

2) it's a good stepping stone in the industry as you learn more about it. Don't recommend staying as the grass is definitely greener on the other side. DO NOT let your trainer convince you otherwise. Sure there may be some aspects of wfg that are better like overrides and the big bonus pools. But to get to that point is extremely rare and its easier to accomplish at other companies.

3) WFG has some of the lowest commission rates. So what I suggest is that if you don't want to recruit and want to be a personal producer, look elsewhere. Even if you want to be hybrid, I think Experior is the better model. WFG's highest comp level is actually lower than MANY of other company's lowest comp level. That's why WFG is so heavy on recruiting your friends and family is because you're not going to make a lot from personal production but its the overrides and building a huge team where you'll make good money.

4) majority of agents don't actually know how to structure an IUL properly. I won't say they're completely wrong in doing it, but look at it this way; they think they're building it great, when in reality it's just good only because they don't know that great exists. So majority of the time its not done so on purpose but simply a lack of knowledge and understanding that there's another level to making it even better for the client. How do I know this? Because I was trained by various teams in WFG to structure it "properly" but when I moved to a different company, I realized that I haven't been shown the full picture and we could structure it even better. So be very very cautious with the IUL because it is a different beast and very complicated. 

5) its an awesome place to grow as a person. mental toughness, personal development and all of that is really good and although I left with a sour taste, I owe it to them for the growth I experienced as a person.

6) don't be closed minded and lay off the kool-aid. Just like when they ask prospects "are you open to other opportunities?", keep that same energy and be open minded that there's a whole blue ocean out there in this industry to explore. 

7) This was a huge red flag. I did research on best IUL carriers and there was a common theme amongst a few different resources. When I checked with wfg to see if we offered them, the answer was yes for some. When I asked why we don't use and promote them, the answer was because they're not platinum providers and we don't get paid as much. So much for doing what's best for the client. A platinum provider are their main carriers they use that offer higher commissions. So these are Transamerica, nationwide and pacific life as the main ones. So now that you know better, do better if you're really all about the client. This kind of goes back to my point about good vs great. Sure those platinum providers can offer a good solution, but if you know that great exists out there even if it means a lower comp for yourself, why not do it? I for one wouldn't be able to sleep knowing that I could've done better by the client yet opted for the good enough product that gave me higher comp. The thing is, 99% of agents don't know this because why would they push a lower comp product? It doesn't make sense from a business perspective. So be weary.

8) its not going to be as easy as they make it sound or seem. But pick your hard; hard life or hard work?

I probably have more but my fingers are exhausted. 

Overall, it's a meh opportunity and there's a lot of better opportunities. If you do join, just keep options open and do your due diligence thoroughly

It's a multi-level marketing business and as a new recruit and trainee you do the grunt work by bringing in more new recruits from your warm markets (close family and friends) for your agent trainer to profit. In the name of "training" my agent gave financial presentations to my warm market and all I did was observe and take copious notes. As a new recruit without a license, my upline made commission from my warm market and from the new people I brought in. This is how they stay in the business and earn a monthly income. My upline didn't tell me everything in the beginning. Instead I was informed when they thought it was the right time. I asked why and they said not to discourage new recruits. The longer I took to get my license the better for my agent. I learned that I had to pay for my online course, pay to register my exam, and pay to register my license in the state. Other examples are going broke for meal exchanges (buying gift cards and meals to my upline), volunteering my time and so many hours a week to business presentations for free, paying for team T-shirts, paying for business tickets and conferences, paying for monthly administrative fees, paying for monthly omits and emissions insurance fees for your protection, and giving away my warm market referrals freely. When I was ready to sell and met all the requirements my upline said I wasn't ready. My agent asked for an additional list of my top 50 warm market referrals. The longer they made me wait the more profits they made and even if I was making the calls, setting up the appointments, and giving the presentations for every sell I made I had to share my commission to my agent. This whole process took a year. By the time I was ready to be an agent and be on my own I was left with a cold market (strangers) and had to prospect in that market. It was very difficult. To succeed in this business you have to be coachable and if you haven't done the above they will not let you go into the field. Once it is all said and done and you are in the field, your upline will continue to get paid from all your sells and your team's sells, this is called "overrides" and they get 10-15% of commissions. This is how they stay in the top. This business if very competitive if you don't stay persistent and consistent and don't meet the monthly or 3 month criteria because you can get demoted. If you sell life insurance and a client changes their mind and no longer wants the life insurance, if its less than 13 months YOU will be charged back the commission you received. This is called a "charge back" and agents don't like it because you lose money. Many will use the "mastery of words" to convince a client to wait a little longer. After the 13 months agents don't care what happens. Another thing is we are pressured to sell the Transamerica IUL permanent life insurance because the company pays the most commission. The insurance is a problem of its own. Clients are not aware of the COI and the mortality rate. As you get older the monthly premium increases. Its not fixed.

First off the leadership is absolutely amazing.  Secondly the development of myself.  The materials I’m encouraged to read and listen to.  The knowledge and growth from this company has been worth it alone even if I was never compensated.  I’ve been with the company for almost 2 years.  It’s different and a lot of people don’t take the chance on the opportunity.  Mainly because of their lack of education on how everything works so it’s easier to just say no because they don’t know.  This career isn’t easy but it’s simple and worth it.  Sweat equity for a few years and then you’re compensated 10X from your hard work.  It’s all mental nothing about it is hard except the mental part of it.  The companies mission of no families left behind is the most beautiful thing ever.  We seriously help individuals or families that are struggling develop the muscles to break that and get on a path to meet their goals and dreams.  I believe we are dream givers due to the fact most of our dreams die because of income.  We change that by simpe education  and guidance and encouragement.  You are a business owner and are actually in business for yourself but not by yourself.  You can literally sell your business, it’s even will able to your kids.  We change people’s lives within the company and with in our clients.  It’s a competitive environment with lots of recognition.  No quotas, no time clock, no boss, no problems.  Our company is owned by Transamerica which is a 112 year old company and we both were bought  by Aegon which is a Fortune 500 company.  So our brand name is established and too big to fail.  We aren’t captive and represent over 150 A+ and A++ companies.  Our company gives people just like me a chance to make it in life and not just get by.  I believe our company mission is the best in American business.  If you want to start dreaming again and have a company literally give you the steps to making 6+ figures and figuratively speaking hold your hand the whole way to the top to ensure you win while you get to lead and develop others to dream again and encourage them they have the same in them as you do then why not take a chance and come grow with Wfg.  Most people quit themselves not the business it’s self.  You don’t sale you educate and guide, you don’t recruit you change people’s lives.  If you change the very things you look at the very things you look at will change.

It's a multi-level marketing business and the downline, new recruits, and trainees do the grunt work by bringing in the fresh new recruits from their warm markets. The upline gets to profit if they close during KTPs (kitchen table presentations) in the name of "training."  All you do is observe and take copious notes during the KTPs. There's a business ettiquet called "finder fees" when a person gives referrals to a business respectful businesses will pay "finders fees" for the referrals. At WFG as a new recuit without a liscence you get no "finders fees" just training. So not only are new recruits and trainees paying for everything, have to become clients themselves (not mandatory according to WFG internal affairs personnel), going broke for meal exchanges (buying gift cards to the upline), volunteering their time during presentations, paying for team shirts, paying for business tickets and conferences, giving away their warm market referrals freely, by the time they are ready to be agents on their own they have a cold market (strangers) left and have to prospect in that market. Even when a new recruit is ready to sell and met all requirements their upline will have the final say if she/he is ready. If you are not coachable and haven't done the above they will not let you go into the field. They will also make money from your new recruits. Once it is all said and done and you are in the field, your upline will continue to get paid from all your sells and your team's sells, this is called "overrides" and they get 10-15% of commissions. If you sell life insurance and a client changes their mind and no longer want the life insurance if its less than 13 months YOU will be charged back the commission you get. This is called a "charge back". Agents don't like it and will use the "mastery of words" to convince clients to wait a little longer and give the life insurance a change because you never know if you'll need it. After the 13 months agents don't care if you keep it or not.

I’ve been a licensed agent for 17 years. So I’ve worked with several insurance companies over the years. I’ve see. The good, bad and ugly of many companies.

WFG is my greatest experience for several reasons. The other companies were jobs and many of the managers were demanding and verbally abusive. My first ever company in 2005 was full of liars in management and I almost had a nervous breakdown but I did fall into a four year depression. Also the other companies had sales quotas and I could only advance is my superior liked me, but usually they wanted to keep me down because I was great at sales and they wanted to keep making money off me.

WFG is different. No sales quotas and no pressure. It’s not a job, it’s a business. Therefore like a business owner, there are fees. If you have a strong work ethic, you can easily move up the compensation plan. Everyone is so helpful especially my upline managers. And I love that I’m on a team that truly teaches financial literacy with a best selling personal finance book and dozens of classes that we’re able to teach. So it doesn’t feel like sales to me or my clients and now I’m teaching teachers, students, police officers, nurses, couples and single moms, and I have no doubt that I will earn a six figure income in WFG and several millionaires have told me that they see me at their rank someday. I do too because I’m a hard worker and focused on helping as many clients as I can while sharing this amazing opportunity and mentoring other agents.

If you love educating others and helping others and you want the potential to earn six figures or seven figures a year and are willing to go through personal development to become the best version of you, WFG is your home.

My work day included assisting agents in our office file their paperwork into the correct folders. I was also in charge of managing files so that they are easy to locate and be organized. Other office duties included working closely with the CEO and his wife to manage day to day operations in the office. It was common that I was left to complete tasks on my own because I had gained their trust. 

I learned what it takes to run day to day office duties as well as great customer service. At times, my job would require me to go above and beyond my role to find answers and figures for clients, which I was more than happy to do. Working in a small office also taught me that there are a lot of little tasks that cannot be overlooked and was taken upon our small staff to handle. 

My coworkers were friendly and over time we became a family and often would be comfortable enough to all eat lunch together and see each other outside of the office at functions and outings. Many of my coworkers I met are still friends I see often and communicate with regularly. 

The hardest part of the job was the stress that became associated with running a small office. We were required to finish our daily tasks but would often times be encountered by other duties that came up suddenly that would require immediate attention. I found myself very comfortable with this and became proactive in finding answers and getting the tasks done correctly and in a timely matter. 

The most enjoyable part of my job would be my coworkers and the self gratifying nature of seeing my duties expand. I became a very reliable employee and I loved the challenge of finding ways to improve daily office life to working more efficiently in our office. 

I spent a few years playing the WFG game and although I gave the company low marks, the right type of person can make some money and (perhaps) a living at World Financial Group.  But make no mistake, just because a very small percent of people have made it big in this company (and believe me you’ll hear all about them again and again), the vast majority do not- regardless of what income claims you hear.  
In terms of MLM’s, financial service companies are a more recent mutation of the traditional pyramid schemes.  At first glance you think it may be a more viable business model since the retail/product base MLM’s have been taking on so much heat in recent years BUT upon further investigation you’ll find out that it’s the same old process only wrapped up in a new and improved package.  The beef I have with WFG isn’t so much that it’s an MLM but rather the complete lack of oversight of its under qualified associates out in the field selling overpriced financial products to customers who have no business investing in them.  Do a search on the Better Business Bureau’s website to see if you find any WFG office with a decent rating.  That alone should alarm potential recruits OR anyone who’s recently had a meeting with a WFG associate about life insurance.    
If you have or plan on signing up with WFG do yourself and (more importantly) you clients a favor and educate yourself beyond the state licensing requirements.  WFG requires the bare minimum financial education of its associates.  Again, as with all MLM’s this is not about a great product the general public wants to buy but rather recruiting everyone that can pass the breath test.
Good luck

I am an independent contractor with the World Financial Group. I am in business for myself but not by myself. As a licensed Life & Health  agent in the State of Texas with non-resident license in CA and Washington State, I earn on commission basis. I enjoy getting financial education while earning as well in educating individuals and/or families by helping them with relevant and applicable financial solutions, like protection, debt management, estate planning, college planning and other financial related concerns. I belong to the Houston Financial Center of WFG-WSB.

A typical day involves talking with my team, making calls, setting up appointments and making client calls as well. There are also regular training days and attendance to special events including occasional product training and conventions. The nature of my business entails a lot of people skills, team working, networking, going out to prospect and to share the business opportunity while in the process of helping prospects and clients alike get appropriate financial solutions where needed.

The challenging part of the job is when you encounter negative minded individuals, and sometimes the long and late hours when making client calls during the evening. But the opportunity of having helped an individual or a family with a much-needed financial plan or solution is most rewarding.

My only drawback right now is the absence of a regular and steady income, and the need for some benefits like health insurance and retirement plan.

World Financial Group is, in my opinion an outstanding company to be part of. I not only learn how money and compounding interest works but above all that, everyone around me truly wants to see me succeed. The system is simple but it is not easy because of the human component but more people, specially those who puts the system into practice, daily, succeed than not. It is a place for those who are self-disciplined and highly motivated to succeed. A typical day at work is a) meeting new people to share the company message with, b) setting up appointments (making phone calls). c) Presenting the company to those who said yes to setting up an appointment d) teaching others to do a, b & c. 

In WFG, I learned to become a leader and a mentor for my team. I learned more how to help my team be better in managing their own finances. I also learned how to care more for my team and their success than my own. I also learned to manage business, team members but most of all, my personal time. In WFG, we have a culture of caring and helping middle America. Our mission is "No Family Left Behind" and we truly stand by that. 

The hardest part of the job in WFG is the human element, meaning, not everyone sees and understand everything we do and working with various personalities makes it challenging but the most enjoyable part of the job stems from the hardest part of the job. When the realization, of what they have hits and becomes real in their hearts and minds, its the most fun and rewarding aspect of this position.

For WFG you would be recommended to start early 9am, and be there in the office or going out on appointments. Always scheduling people down. Then around 6pm, that's when our gathering starts to get prepped up for our guest meeting which would last for almost 2 hours. After that, we training associates, associates, etc.. would have to stay for an extra meeting to be taught more. Friendly people, although working there is like feeling trapped that, that is your life now. Imagine we would start early, and leave the building 12-2am in the morning. This goes on Monday-Saturday, except Sunday cause they believe that it is family day and church. But that did not fit in with my schedule having church on Wednesdays and sometimes Thursdays, and also Saturdays for a big event for my church, and they somehow did not accept of that and gave me excuses as "Oh there is always church on Sundays". But when you meet with them first, they are so nice saying you can work on your own time, and you have extra time to be with your family!" but no, you are definitely trapped in their "WFG WORLD". I don't know if it is because of the group I joined into, but most definitely this is a GOOD company, GOOD causes, many BIG events, but not for me right now, and I did not like the group I was put into..

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