World Financial Group Agent Horror Story | Do Your Own Education WFG

It's important for you to do your own research when it comes to the World Financial Group and how it works because there are a lot of horror stories from agents such as the one being shared by Holli to Chris Kirkpatrick.

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0:00 - Introduction to World Financial Group former Representative
2:20 - Why did Holli Join World Financial Group?
6:00 - All Financial Firms are MLM not only WFG
7:45 - Where things went wrong for a World Financial Group agent
12:00 - Where WFG is great and Where WFG is bad
13:20 - Nationwide Insurance Refunded Her Policy After the Free Look Period
20:30 - WFG Agents are trained that you can expect a 10% return inside an IUL???
28:00 - The moral hazard in the World Financial Group compensation plan
34:45 - You are most likely NOT a fiduciary!
36:30 - Don't follow your WFG upline blindly
39:00 - Not All WFG teams are bad
43:50 - Question everything

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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.

So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.

Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.

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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.

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[LIFE]

What are some ways to create cash flow outside of wall street? Comment below!
Let's discuss your finances or life insurance business - click on the scheduling link in the description.

[CraigAbdul]

Chris, this is your best WFG video yet. Thank you for inviting such a well spoken guest with a real life experience. I joined WFG about a year ago. Once I got my license, my plan was to start with policies for family members to learn the ropes, so to speak. But right off the bat I came across your earlier videos that started me questioning the standard IUL products. I wanted to provide my family members with the best coverage for them, not what would pay me the largest commission. I haven’t totally left WFG, but I’ve turned my focus to the Medicare market instead. It’s independent, and there are no levels to reach in order to earn higher commissions.

[Georgina-uv]

Thanks for posting this! WFG are filled with clueless people selling expensive products.

[HolliCMcCormick]

Thanks again Chris for giving me space and time to voice my story and experience and do what we can to help the people still most unknowingly impacted by this.

[Ryanw]

As a WFG agent, I had this happen recently to clients of mine recently as well - wrong and unsuitable product for them from another WFG agent. It really pissed me off. It's sad but I do see it as well. The thing I've come to realize is that lack of product training and agent ethical practices come with any insurance company. I do agree that suitability and deeper product training is necessary. On the flip side, there are good agents as well that focus on doing what's best for the client and properly structuring a product for them. I am a big believer in IUL, but I do watch your videos to understand the opposing perspective to make sure that I keep myself sharp and aware.

[andrewdavidcourtney]

Training is crucial and putting your clients in the best possible position is paramount. Getting it wrong consistently is creating a ticking time bomb for your financial services business. Thank you for sharing your knowledge and this cautionary tale. Become a master before you take on any mentees. It’s the sustainable and right thing to do. This guarantees a slower but more impactful pathway to business growth. Thanks once again for sharing such great content.

[Rosa-LeeMcKenzie]

I'm a current agent in Canada. And I can 100% say that I've had a way different training experience than you. We get a lot of product training from our providers. We run ULs at 6. But run it at 4% to double check that it doesn't lapse.
We never over promise.
I was trained to under promise and over deliver. I'm so so sorry to hear that your cft was not there for your best interest.

[latrecialegrone]

I really appreciate the input being a new representative and I will be sure to self educate vs just listen and trust. Thanks

[normanarroyo]

Very neutral explanation of this person's own experience. You give an honest point of view that I like. Question everything!! Doesn't matter where you end up working.

[jeantubbaliphotography]

This is a ONE SIDED story. Thanks for sharing, NOW lets SHARE the stories who was helped by this company.

[choosetoshine]

Excellent content and delivery! Thank you for being transparent. New subscriber.

[brookekilgore]

So glad I’ve found your channel .. I was just approached by someone with them on LinkedIn

[elizabethpoole]

I'm sorry she had this experience. I have not experienced this. I assume it does depend on the team you are on. It saddens me because I can hear it in her voice that she is passionate to help people & that she tried to do the right thing & it wasn'tappreciated. It's the complete opposite on our team, we have lots of product training & leadership training. We are taught to do research and compare products & compare it with other companies so that we do right for our clients. When we are in the process of training, we are encouraged to look for the right products & then our trainer reviews the illustrations or whatever we have & asks questions as to why we choose this, does it meet the goals of the client, etc... The trainer does this so we think things through & build confidence & be a true professional. If there was something better or we missed something that the client said or the analysis showed, we are told to go back and start over. We are taught to go over the illustrations with our clients and inform them of the fees. Our training is more product training then recruiting. We truly have a mission to help people. Our Fast Start isn't like she experienced either. I wasn't forced or told I have to have a product. When I joined I had several things in place & didn't require any products. I was congratulated for it & I was told that it would help when I meet with clients because I believe in the products & had the products before I joined so it wasn't because I am an agent just trying to sell a product. We do believe in being congruent. If an associate does not have things in place then how can you sit with a client and recommend something you don't have. It's not just about selling. I wish her the best

[ThatLady]

I totally understand this lady's pain. I was in WFG 18 months. I was a marketing director, making 4k for a whole year driving Uber overnight after meetings because I was so broke.

[franklehane]

Primerica shares a lot of WFG's culture although their "crusade" is the old A L Williams BTID one. Maybe these attributes were borrowed by Humphrey when he split off from Primerica to form WFG's forerunner WMA. Both organizations are money and materialist-focused and motivated.

[tulip]

Thank you for doing the video. I learn a lot out of your video. I definitely would love to learn more about whole life insurance I’ll be watching your video

[alistairmercado]

I took the EASY California license exam. 86%. Found out the minimum score to pass was 60%! It’s too easy to become an agent. No brainer.

I can see how a young vulnerable teenager can be recruited into this industry and take advantage of compensation.

[annelipalmqvist]

That is not the way WFG on Long Island works.
You can ask your questions to anyone.
Anyone in the whole company....
We don't offer any specific insurance. We offer what is suitable for the client.
When you are new, you have to do field training and you do that with different teacher's mostly every time.

[tray-j]

Not all brokers know all products, regardless of the company

[honeyisnatural]

I officially need to call back everyone I’ve ever signed up or prospected, and apologize. 😢😢😢.