World Financial Group Scam

Greg Seltz
First and foremost, I have no intention of declaring that the company World Financial Group is acting illegally or is illegitimate. Maybe "scam" is a bit harsh; however, in this economy there are many individuals seeking employment and World Financial Group knows this. Their intentions are to lure in the job-seeker and give them a detailed powerpoint on the origins of the company and what they stand for. They will briefly point out the possible earnings, incentives, etc. the prospective applicant may be rewarded with. In the second interview, the representative will discuss potential employment; however, under certain conditions. That job-seeker is then asked to pay $110 to process the application, which is non-refundable, before WFG even makes a decision. The sphill will include how you need to be licensed in this particular line of work, then proceed to how you can accomplish your dreams and someday even own your own business.

I did a bit of research and found others who have had similar interviews with WFG. I must admit that although "scam" may be a bit harsh, WFG is accepting money from those who simply NEED a job in this rough economy. These individuals may lack the required sales experience (which will be required to eventually be successful in this line of work) and yet the representatives feed them hopes to simply gain a buck. Those who do pay the total, $630 in fees (classes, licensing, etc.) will be required to attend a 90-day boot camp to gain the required information. At this point, the job is not even guaranteed. The boot camp is an elimination, and those who do not score high enough will be kicked out. Those who do succeed will work long hours to sell insurance, build their clientele base, and possibly make enough commission, residuals, to someday operate their own business.

I understand that some individuals (very few) will not agree with me. Of course, none of this is impossible. However, the representative was so anxious and eager to process my credit card I knew something was odd. When I told her that I was in the market for buying a house and had another opportunity (with salary) available, she asked me "what was I even doing here wasting her time." Real professional......Then, she tried to offer her services and asked to insure my home, life, and even prepare for my daughter's college education. Ridiculous!

For those who have sold insurance and have a proven track record, WFG may be a good place for you. However, I can not look past the fact that they ask you to attend an interview, and then try to charge you for a chance at a "better life." All I can do is assume that you read this article and have been warned....

Published by Greg Seltz

Looking to stand out...to create flawless forms of art that are appreciated by all personalities...to be noticed, gain publicity, and have the heavens rain gold in my back yard.  View profile

36 Comments

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  • Unknown2/7/2011

    I believe it's a form of a scam to get you in the door. It's more like a pyramid or ponzy concept!!! The more they recruit people (associates), the more they make money as a marketing director wheter they are selling or overseeing thie unit. Here is my experience... I received a call(3x in a span of 3 yrs) and I was told that they found my resume online (careerbuilder) and that they wanted to talk to me for a job. I tried to ask more info but was told that i should come in and talk more about it so i did (for the 3rd time but never went to the orientation). After the initial interview, I decided to go to the next step which is what they call orientation (but it's more of a presentation of the company, WFG/Aegon). At this pont, I still don't know what job i'm applying for. I was told it's a 2 hr session and all the questions i have will be answered at the orientation (but not). They gave me/us (the group) a tour of their office which i don't see the impo

  • Wow Guest...1/19/2011

    ...ok, this is the final post then I'm going back to making money....

    You know who makes money off the efforts of others now in this world, major corporations!! Here's an opportunity to get a piece of that and some folks still stuck on that "this is a scam" bullshit. Meanwhile, people are making 5 digit + earnings on a monthly basis. You better get you some. Ask me how. n.annunaki@gmail.com

  • Wow....1/19/2011

    I just joined. Before I joined I got a Universal Life Insurance Plan with a savings component through a WFG Marketing Director. Getting way more ROI there than any bank. After I understood how money works, I joined. Became a rep, got licensed, got appointed by the various partner companies and followed a simple system and got promoted to the 45% commission level. I didn't have to "sell" anything. I just explain to people how money works and where they can get the most bang for their buck and they understand..friends and fam mostly. First couple of check should be here by month's end. Educate the consumer and be ethical and you'll be fine.

  • so many sick people here, we all going to to HELL1/17/2011

    that's Hell

  • find reputable info12/21/2010

    why not visit the site itself. www.worldfinancialgroup.com and see what it is really about instead of hearing it from just anyone who can write an article.

  • TM12/21/2010

    WFG does not have a boot camp where the bottom scorers are eliminated. It's not for everyone though. It's hard work. Unfortunately, they get a bad rep from people who are unethical, and from people who cold call those who are looking for jobs, which isn't what WFG associates are supposed to do. Also, it's a licensed profession that is regulated by the State and Federal Government, you have to pay those fees just like a Real Estate Broker has to pay a fee to take their license. Basically, it's not for everyone, you have to actually work to earn compensation, it's not a get rich quick scam. And, like everything in America today, there is always someone who will abuse their rights and put their own intrests before others and let greed guide them which is the wrong way to go. Every company has some bad talk on the internet, everyone has an opinion, and there is always someone taking advantage instead of really trying to helping people which is sad. Be careful in any

  • Robert Dong12/13/2010

    Learn everything you need to know about what's wrong with WFG here:

    http://20923830.linkbucks.com

  • Interested11/23/2010

    I don't see a scam. Maybe I'm missing something. Doesn't everyone that tries to start of business have start-up costs? $110 (as stated in the article) doesn't seem like they are scamming anyone. Maybe if there was more information about this +$600 bootcamp, I would see the point.

  • Wes10/26/2010

    "Sphill" is spelled Spiel. Might want to use spell check.

  • Greg Seltz8/29/2010

    Yes....they were basically begging me to take the job too! How is that possible. They did not even look at my references or resume before I walked through that door; they will take anyone....simply because they have no intention of hiring anyone, only taking their money...

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