World Financial Group Is Getting Sued!

[@LIFE180]

Watch the UPDATED VIDEO HERE: kzbin.infokLcO9-kGdGk?feature=share

[@thesacredprofaneco]

WFG is nice only until you come to them with a HUGE compliance issue…they first then try to gaslight you. If that stops/doesn’t work then it is all gloves off. Your side lines come after your character and integrity…and WFG will come after you for charge backs

[@thesacredprofaneco]

Of course WFG owns your biz. I saw this 6-7 months in when I saw behind the veil and was debating about staying and figuring out a way to be honest and get out of my team …or leave. It was a no brainer

[@VegasStyleDayTrading]

@@thesacredprofaneco how did you find this out? Where can you find this in the documents?

[@thesacredprofaneco]

@@VegasStyleDayTrading been so long don’t remember where I found that info. But i know the products WGF sells are unique to WFG even if with PacLife or TA. At least they were when I was there. So I don’t think moving to another company IMO will allow you to transfer those products to them

[@jayendrajd]

Half knowledge is enough to create false rumors. Good job guys! Hope you are yourself entertained enough first! Lawsuits are not uncommon for big businesses or corporations. This is just another one, no big deal. The same guy whose video you took these screenshots from, has explained the other side of the coin. So if you're willing to share information, do your job right and explain both sides of the lawsuit. Else, just clap and stay entertained.

[@LIFE180]

Is this some sort of defense for WFG? smh.... Lawsuits are common. I mentioned that at the very beginning of the video. I also was clear that this was just a claim. However, when reading the claim, it is 100% in alignment with all the problems that I have been preaching against WFG for a long time. Claims that agents and leaders at WFG refute. Now the top guy is confirming them. You can get defensive and hold on to your confirmation bias, or you can open up to objective reality...

[@richardbilleter1644]

Make sure to do another video on the WFG lawsuit against Eric Olson and you'll see the difference.

[@LIFE180]

Send me the info - [e-mail] What I know is, they tout the entrepreneur dream and owning your own agency, when you don't. My guess is, they're suing him for some sort of non compete or violation of a contract issue. But I would love to see it.

[@TheWholeDamnShow007]

@@LIFE180bro, same reason why WFG went after Patrick when he left WFG. No different.

[@joserios4024]

Everyone has an opportunity to create this kind of income. Dig deeper. Eric Olson was one of the top guys in the company and built the #1 team in all of WFG. WFG has a STRICT compliance department and IUL’s are NOT scams if they are properly structured. It’s not the company, it’s the agency. If you set them up as minimum death benefit it will give the client maximum cash value growth. If IULS were illegal or not good then why would they allow them to be sold in the insurance industry? There is a WHOLE back story to this than what you guys are reading off this document. Dig deeper. Eric Olsons entire agency was over 90% persistency and our clients kept their plans because we sold them correctly.

[@ianvogelmedia]

I was recruited into the biggest base shop WFG and didn’t even know that max funding an IUL was a thing until I left. Does that mean they were scamming people? If so, there were A LOT of people getting scammed…

[@LIFE180]

I never mentioned he was or wasn't scamming people. I will say that IUL is wildly misrepresented. But I think that is more due to a lack of education and understanding by the agents, not mal intent for the most part

[@TheWholeDamnShow007]

@@LIFE180Erics agents aren’t your typical PHP “life insurance agents” Most of those guys have their series of security licenses. Charger backs in Erics base shop was never an issue meaning ppl kept their policies bc they were educated clients. it’s always been the mission before the commission for us. We just happen to be in the right market.

[@thesacredprofaneco]

Wfg has a strict compliance department? Bogus. I proved to nationwide not once, not twice but 3 times my upline had put me in the WRONG product for our goals THEN TAUGHT US TO use this product in a way that would make it implode. I showed all this to Nationwide and they quickly and quietly offered all 3 of us a chance to cancel our policies AND get our money back. Why? Because of compliance not being met. When I went to WFG compliance with all the same evidence…I was ignored for months until they decided to come after me for charge backs. Yea that is great for a compliance of a financial company.

[@shawnmcintier6110]

Life 180 is off the mark.

[@therobertrupp]

WFG almost got me in... How do I get in your agency or Matt's?

[@LIFE180]

agent.LIFE180.com

[@stevesiebold]

I wrote the book on World Financial Group. You guys don't know what you're talking about.

[@LIFE180]

Really? Let's do a live talk then

[@LIFE180]

Are you an IUL expert?

[@LIFE180]

I hope your plan wasn't to just leave a comment and ghost me @stevesiebold If I don't know something, I would love to know where I am wrong. If you are a believer, I would love to hear why. I want to hear about your knowledge of IUL... because I don't see how you can be an advocate of WFG without being an expert in IUL. Name a time and place

[@sherylannejacobs7235]

If Greg was up there with Levitan, that was his best friend until now because of money, money, money and more money for God, family and honor. A bunch of lies.

[@TheOpinionSports]

GFI that Greg kapp left to go to you have complete ownership. No requirement to recruit but you can recruit if you want. If you leave the company then you still own your business and renewals as well as can pass it down to your family should you pass away.

[@LIFE180]

Obviously not true....if so, Eric Olson wouldn't have an issue here.....

[@TheOpinionSports]

@@LIFE180I was in WFG and I saw people get promoted on sales alone the difference is you can’t become a sr broker running your own office unless you recruit. But to go from training associate ti marketing director you do not have to recruit. I know a guy personally who was a CPA and because he already had clients he could sell easily and got to marketing director without recruiting so yes it is true…. You dont have to recruit to get promoted.

[@TheOpinionSports]

@@LIFE180you deleted my response. You do not have to recruit in WFG to get promoted. Only to become an SMD you have to recruit. I know a guy personally who got to MD without ever recruiting a single person.

[@LIFE180]

@@TheOpinionSports I didn't delete anything. Idk what you're talking about or what response you're referring to Saying you don't need to recruit in WFG is absolutely absurd. Technically it may be true, but your comp level will be so bad that you won't be able to make any money....

[@TheOpinionSports]

@@LIFE180no it won’t, I know a guy personally who did not recruit in WFG and went from training associate to marketing director. You can increase your comp to marketing director without recruiting on just production alone.

[@thesacredprofaneco]

Ya know I CAN SPEAK first hand as to smoke and mirrors. I hope this is the “moment” i have been waiting for!!

[@katrinaparker5363]

I got sucked into the idea of WFG and the money that could be made, I just got my license and now I am not sure where to go with it.😮‍💨

[@LIFE180]

agent.LIFE180.com

[@ianvogelmedia]

“The Godfather” that Chris is talking about is Greg Kapp. I was at that event in November and snuck into a small talk he gave to the up and coming leaders of the group. He told this small group that people who get into the business to help others are “low identity people.” Made my stomach turn. What’s even crazier is that he got a standing ovation at the end of that talk. It really reminded me of cult like behavior that I had witnessed in the past.

[@LIFE180]

Crazy.... yet the people I spoke to were just like, "Greg is such a great Christian, he would never do anything not in high integrity". So sad

[@TheOpinionSports]

I doubt he said exactly that.

[@ianvogelmedia]

@@TheOpinionSports I saw him speak 3 times and the only time he said that was in front of a small group of leaders. Is it really that surprising? In November I saw him on stage saying WFG was the greatest company in the history of the world and he loved it so much. Now his heart is so happy to be gone… That was 5 months ago…

[@TheOpinionSports]

@@ianvogelmedia things change. The video he explained that they recently had tried to lower is standing and pay him less. Things can change with time. I’m sure you have said some things in the past that now you would say diff. As far as low identity statement do you even know what that means?? He didn’t say low IQ he said low identity which means you aren’t a finished product and can improve your self image and the way you present yourself to raise your identity.

[@ianvogelmedia]

I saw what I saw and wasn't the only person who was really put off by his statements. You can play with words and make all the assumptions you want. I'm just taking the man for his word.@@TheOpinionSports

[@Edwardjames_99]

Lmao these guys don’t know what the hell is happening it’s so funny

[@TheOpinionSports]

I agree

[@saeligutierrez8025]

Why are they getting sued? And do you think all these companies pitching IULS will too? And what about family first life ?

[@LIFE180]

I think all of them are potentially on the hook for a lawsuit based on their comp plans. That said, it takes an individual getting fed up....

[@TheWholeDamnShow007]

3:25 that’s exactly what Patrick Bet David does. It’s called being emotional intelligence. When shit is going hay wire you still looking forward

[@sherylannejacobs7235]

Watching Olson and the godfather, it is like watching scorched earth from a safe distance.

[@thesacredprofaneco]

Wow the Wfg agent that reviewed this DID NOT go into any of the MLM stuff. But of course.

[@capoeiristadd]

Will you be going over WFG’s complaint also?

[@capoeiristadd]

??????

[@LIFE180]

Sure. Send it to [e-mail]

[@capoeiristadd]

@@LIFE180Have your buddy find it for you like he did for Eric Olson’s

[@WFGFanatic]

You know why it's a spin-off of WFG right? PHP's leader, PBD was fired from WFG in the 90s.

[@LIFE180]

No surprise....sounds like Eric Olsen....lol. It's all the same game...WFG, PHP, GFI, PFA......all companies with compensation plans full of moral hazards.

[@WFGFanatic]

WFG gets sued extensively. Although, this title as click bait is unfair to WFG. This is a lawsuit against an individual, under 1099 within a marketing platform OWNED by TransAmerica, and AEGON is their parent company. I mean they did give Walt Disney the loan for the first Mickey Mouse movie. And also the bond to build the golden gate bridge.

[@LIFE180]

No....Disney got a loan from a participating whole life policy....IUL didn't exist when he was around..... So regardless of the company, there is a VAST difference based on the product....make no mistake about that

[@TheGreenSocialClub]

Would you do a review/look into wealth wave?

[@LIFE180]

do you have any info? Email [e-mail] if you do

[@VegasStyleDayTrading]

Is Primerica the same way? You don’t really own your business?

[@LIFE180]

@@VegasStyleDayTrading yes

[@VegasStyleDayTrading]

@@LIFE180 how does this work exactly? I knew a big time dude named Jeff Fieldstad. Primerica bought his book of business from him. How did he not own it?

[@jemorebb]

Chris how much to sign if i join your company?

[@LIFE180]

$0...... Why would you need to pay?

[@jemorebb]

@@LIFE180 so what exactly do I have to do if I join your company? Dumb question

[@Firestriker098]

So, I'm a Canadian WFG agent right now and I'm looking to get out I'm wondering if your company operates in Canada? Or if you know some Canadian MGAs/IMOs that would be similar?

[@wumzywideworld3571]

Hi, I am currently with a real company that gives you true ownership of your business, and you get to be a shareholder. There is a good compensation rate, and you get to help clients with a well structured plan. So much more... Let me know if you want to know more.

[@wumzywideworld3571]

Hi, I am currently with a real company that gives you true ownership of your business, and you get to be a shareholder. There is a good compensation rate, and you get to help clients with a well structured plan. So much more... Let me know if you want to know more.

[@damonperrins6897]

If you're still looking for a business to work with, I would be happy to get in contact with you

[@austynolivas7011]

I heard you mentioned PFA? Should I be concerned to become an agent or client?

[@LIFE180]

Yes.

[@austynolivas7011]

What are the positives or negatives I should be aware of?

[@LIFE180]

@@austynolivas7011 research IUL deeply. See my playlist for help. Their focus on recruiting over product knowledge is deeply concerning.

[@austynolivas7011]

Thank you for responding. I want to understand the insurance language before I sign up as a life insurance agent. So much to learn but I want to do it right! Thanks for sharing!

[@JohnCent-vs3hn]

PFA: Piss Financial Advisory. All you'll do is sell expensive term insurance. You'll have to get Securities licensed to sell the other products.

[@toddgregory2962]

I love your model for your business! I’m still trying to figure stuff out but once I do I’m sure I’m going to love it! Chris you are an example of integrity for all. Thank you for all you do!!

[@LIFE180]

🙏🏻🙏🏻🙏🏻

[@capoeiristadd]

Doug Andrew isn’t the number one teacher for WFG. People may watch his videos on KZbin, but he’s never been a trainer for WFG

[@LIFE180]

Not formally....but he goes to most of the major events, keynotes, and sells his trash ...

[@capoeiristadd]

@@LIFE180 No, he does not,… who told you that?

[@franciscoferro2531]

so if people leave your company they will take all their clients and you won't get any renewals ??? or keep any clients???

[@LIFE180]

Correct. If people leave my company, they will keep getting paid on those clients the same way they were getting paid on them before. We will also retain renewals the way we did before. Their move would only impact new business.

[@Go4Ceo]

These types of videos are very interesting. I’d love to see an actual debate scenario, instead an Echo chamber of a video. I admittedly run an SMD level group through Wealth Wave a team within WFG. IMO, every company from FFL, PHP, Primemerica, LIFE180 And every company even AMAZON have issues. Due to being a litigious society it’s obvious that these things happen in Free Enterprise. I’d be curious if guys like you would debate all types of different agents. Ultimately, multi level, network marketing, direct marketing, so on are ALL JUST forms of marketing. If Procter and Gamble sells their products through distributors like a Sysco and Sysco then sells through agents or sales BDOs, is that multi level, Of Course LOL I challenged you and many doing these types of videos to have open discourse and debate instead of echo chambers and then ironically “Authentically” promote your own business 😂

[@LIFE180]

I have offered to debate many of the other leaders in the biz....Doug Andrew, David McKnight....anyone with a following....but they back down.

[@LIFE180]

Also, for the record, I have been critical of WFG far longer than I have run my own IMO

[@joshuafootman1593]

Can you look at the Matt Sapaula php lawsuit? He isn't a licensed agent in the business and his wife does all the writing...

[@Tvisionz1]

Really?

[@joshuafootman1593]

@Tvisionz1 yes! I was partnered with php as an agent in the orlando area. I learned so much him and his wife are like a mofia boss type. They rule with an iron fist. But he is not licensed

[@LIFE180]

That is crazy. I know who he is, but I was not aware that he was operating in that way. Please email any info you have on this to [e-mail] I will dive into it myself, as well.

[@doviherman9293]

Family First Life vests you 100% from day 1. They don’t train on product knowledge very well, but with them you do own your business.

[@LuisZunigaPRI]

100% of what? Which product and which carrier?

[@jasongarcia560]

Matt and Chris, thanks for entertaining me while I cook my breakfast in Los Angeles. Honest opinion: You two are not attorneys. I would not buy whole life from you when you're too busy analyzing other companies and misrepresenting other companies, to be honest. I think you should concentrate on your own company instead of talking about others. Youre even going to other company events to spy. Go take the prerequisites to go to law school. Thanks. I'm just being honest. Im part of WFG, and I can not start my own company. WFG helped me. I set up IULs correctly. How are you helping others when you're streaming all the time and going to other company events?

[@LIFE180]

Jason, thanks for the comment. I am not an attorney. I stated that. I also was pretty easy going. Tell me what I said that was a misrepresentation of WFG. You all like to drop that I am doing that, yet never have the balls to actually get into it. If you are with WFG and you claim you set up policies properly, I could not care less about what you think about me, my business, my opinions, or how I go about my life. Not to be a jerk, but don't come on here and drop and run with that garbage. I've forgotten more about IUL than you know.

[@LIFE180]

Oh, and I went to a WFG event to help someone. They requested me to go. And for the record, I did help them. There was nothing in it for me. I spent my own money. I didn't recruit her. I went to help and learn. Being there was simply a massive confirmation of my opinions.

[@jasongarcia560]

@LIFE180 Good to know, brother. Thanks for the news. 🙏🏼

[@WEALTHCLARITYGROUP]

kind of ironnic the transamerica building is called "Transamerica Pyramid"

[@LIFE180]

hahahaha, hadn't thought of that

[@JohnCent-vs3hn]

Yeah and being at the 48th floor gives you an unbelievable view of San Francisco.

[@doviherman9293]

Also Family First Life offers very high compensation and you don’t have to recruit to get the raise. I’m contracted with a few carriers with them and even when these carriers terminated me for lack of production I was still paid my renewals.

[@IC_Life]

I was a former VP at FFL. I’ve reached the 130, 140 levels. Their comp is okay but not the most competitive. There comp is actually just mediocre on most the competitive top products.

[@davidsimpkins1423]

You don’t know what you’re talking about,…haters always hate!

[@LIFE180]

What did I say that was so inaccurate or hating? I'm just calling it as it is.

[@rheawfg]

You don’t know what you’re talking about..this video is a big lie..find a useful content people.

[@LIFE180]

What about this video is a lie??? Lol. So much relevant stuff here. Zero chance the top producer in WFG files a lawsuit calling all of these points out with none of them being legitimate. Do you hear the confirmation bias in your emotional comment? 🙄

[@misstaytay9694]

I love how you guys are literally trying to make it seem like the brokerage is getting sued because of their IUL products, when in reality a good google search will suggest otherwise. Do your research first people and don’t listen to biased information. These guys sell whole life only so of course they will steer everyone in that direction. There are good and bad agents in every industry.

[@LIFE180]

There was absolutely zero part of this video that suggested the brokerage was getting sued due to selling IUL. If that is your takeaway, I feel really sorry for you

[@misstaytay9694]

@@LIFE180 I feel more sorry for you. That you got nothing better to do except make videos about other brokerages for views. Get a life.

[@georgepandiaraj2857]

I have seen your videos on Insurance-related topics; quite educational! But, I lose all respect for you for making ignorant stuff about WFG.

[@LIFE180]

My dislike if WFG has to do with their comp plan AND the products they sell ... The combo is horrible. I stand by that to my grave. Stating that I am making "ignorant stuff" doesn't make it ignorant. My guess is, you just don't know what you don't know... Especially if you don't understand the industry as a whole and WFG is your primary background

[@cmack5215]

I was recruited by WFG and I ran. They were unprofessional unhelpful and forceful. Lies and trickery was all I experienced

[@Seccheus]

WL is so boring with low returns that you have to keep talking about IULs to stay relevant. No one wants to here about WL...lol

[@LIFE180]

Life insurance is supposed to be boring, that's the point. 😂😂. The fact you try to make it sexy and exciting goes against the entire principle....

[@Seccheus]

@@LIFE180 a lot has changed since the last video we did.

[@TheOpinionSports]

@@Seccheusyea he know IUL will outperform Whole Life

[@ianvogelmedia]

I’m guessing most people who get in trouble later on in life for having underfunded IULs aren’t going to enjoy all the excitement that comes along with IUL

[@Seccheus]

@@ianvogelmedia good one....lol.

[@Psalm316]

I don’t even know who Doug Andrews is! What makes him the #1 trainer? And I’ve been with the company over a decade. You guys are misleading with your loose facts. You don’t have to like our business model but stop lying.

[@Jaketthomas]

Doug Andrews is a scamming, snake oil salesman, that for some reason, became a go-to "teacher" on IUL's. Most of what he teaches is inaccurate, and Doug Andrews has spoken many times to WFG agents on IUL's.

[@LIFE180]

Doug Andrew is a 3rd party source that many of the leaders use to train their teams. Because your team doesn't use him, doesn't mean my facts aren't accurate. Sad I know more about the biz than you, I guess? Doug has made his biz based on training WFG & PHP agents....

[@Jaketthomas]

Google Doug Andrew lawsuit. That should pretty much tell you all you need to know. He's as slippery as Teflon.