10/27/2022 0 Comments World financial group scam![]() How Indexed Universal Life WorksĪccording to Investopedia, IUL policies are insurance policies where portion of the policy holders premium payments go towards an internal annual renewable term insurance product, with the remainder added to the cash value after the policy fees are deducted. Let’s spend some time describing covering IULs, as World Financial Group encourages agents to preferentially sell them when possible. ![]() This means you’ll see a lot of emphasis placed on insurance products like term life, permanent coverage, and especially indexed universal life products (IULs). Market SpecializationĪccording to their website, WFG specializes in targeting middle-market consumers with life insurance products and financial planning services. This represented a 7.34% increase in year-over-year commission payout increase.Īs of 2019, they are well over 42,000 contracted World Financial Group agents. ![]() In 2018, WFG’s affiliated carriers paid more than $792,000,000 in commission to its agent force. Plus, they expanded distribution into Canada as well as the United States. World Financial Group was launched in 2001 when Aegon purchased critical assets necessary to establish WFG. #World financial group scam free#NOTE: Are you an aspiring or new insurance agent looking for more insight on how the insurance sales industry works? Check out my free New Insurance Agent Resource Guide to help answer many of your questions (as well as ones you didn’t know you had!). PS: Check out my insurance sales jobs reviews of other agencies for more information. You’ll have fair and balanced information on whether or not World Financial Group is a good fit for your goals. ![]()
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