WFG is a financial sales group. As an insurance agent, I was very surprised when they asked me to pay $25 to file contracting papers with each insurance company they represent. No agency has ever asked to pay for contracting before and I've had my insurance license for years.

I was also surprised to find people at the interview who did not realize they needed an insurance license.

The ads for this WFG have become increasingly complex this week. I doubt anyone, including agents, would

now recognize the description as a specific kind of commission sales position.

Be careful, even if you are licensed.

It is funny how people have time to write about all this thing but yet haven't accomplished nothing in their lives. funny thing is i been in the company for year and half and it has been nothing but good things happening to me with this company not to mention the business ownership i have gotten from here. thou everything they say about the money and licensing is true but don't you need a driver license to drive?? so if you pay for your driving license test and you fail is it a scam?? ask yourself that question. In north America everything is licensing and if something doesn';t work for you it is a SCAM right? how about if you work for a company and one of those months you do not get a paycheck so did you work for free and you are gonna go and scream out to the whole world and call that a job a scam too because they did not ask you for any money to start but they did not give you your pay cheque? people don't let these things take you from what it is really accomplish able, I was living paycheck to paycheck before and my life and bills and income was depending on that job and guess what?? the minute they lay you off you are screwed...nothing in life is guarantee but off course in this world there has to be people like the ones here writing bad things about the company in order to separate the DOERS with the TALKERS. Thank you guys and hope this will set your mind straight on a opportunity that could change your life. and don't listen to everything you read online...80% of the time it is only MEDIA you only see what they want you to SEE!!!.

I am writing the fact, not what is right or wrong. Trying to be informative. There is nothing wrong to do business in Amway style which is somewhat gray zone business. Again, some people love it. Some people hate it. You are the one to make a choice. Again, I am only trying to be informative. The information I share on this website is that WFG usually does not tell candidates at the BEGINNING.

They sell mainly Western Reserve Life's policies backed up by Aegon Bank, a dutch bank. They surely help people who don't have concrete future financial planning. There is nothing really wrong with it.

1. You pay $100 registration fee. WFG does not pay for you.
2. You pay 52 hr. life agent course study -- various schools are available online, you attend in person etc. etc. WFG does not pay for you.
3. Test fee. WFG does not pay for you.
4. WFG's some offices "seminar" do not offer product training. Each office is run differently, which shows that their head office does not have consistent training program for free.
5. Your commission is only 25 - 35% unless you have at least 3 to 10 agents beneath yourself
6. Multi Level Marketing plus pyramid scheme
7. To learn various kinds of financial products, you pay the tuition from your own pocket. (please refer to no. 4)
8. Your mentor sells not only life insurance but also mutual funds
9. You make your business cards at your own cost. They don't pay for you. Their website has a bug so your business cards printed with wrong address and information
10. In the event of your potential customers' rejection, your mentor often tend to blame it on the customers.
11. When you come to conclusion to not transfer your policy to theirs because your current policy has much much better quality, the mentor ends up convincing you that you are crazy.

This model lures the agent by telling them that you would not only gain by sale of yours but also gain by sale of agents under you (Amway Model). The agent should understand that although they are earning bit of other agent's commission, a big chunk of his commission is also eaten by agents above him. Therefore, the commission that the agents get by WFG sales is quite less then the direct sale that they will do with channel other then WFG.

Because WFG believes in quantity more then quality of agents, the application filled quality & the quality of service given to the customers is really poor. This leads to lots of application entry errors, reduced customer satisfaction & at the end, lost customers.

I am currently working for a different insurance company which gives me 85% commission. I do not have to recruit anybody beneath me. I AM NOT LAZY.

The following URL is interesting for you.

http://money.cnn.com/magazines/moneymag/moneymag_archive/2000/05/01/278258/index.htm

My friend became their customer. He lost thousands $ to them. Not a greatest way to invest your precious money. Don't spend an even penny to them.