1980 1116 - Fort Lauderdale News - A.L. Williams Grows Despite Controversy, by Karen Southwick -
- Better Business bureaus in Birmingham, Ala. and Dallas, Texas have issued reports questioning A.L. Williams' sales and recruitment techniques. Dallas BBB staff members who attended Williams seminars questioned several aspects, "including misleading use of third-party (non-industry) sources, incomplete information concerning the company's Investment programs and the representation that the market cannot be saturated by overrecruited.
- Nationwide, according to their own figures. A.L. Williams has grown from 950 licensed agents in 1977 to 2.800 in 1978. 7,000 last year and 32.000 this year. "It appears he (Williams) has taken the insurance replacement concept and combined that with a pyramid marketing approach." said Jack Jansen, certified financial planner with Waddell and Reed Inc.
- Fitzpatrick said modified term is generally presented as best life insurance product available to prospective customers because of its flexibility and low cost. But he said customers are presented the Williams plan and asked to compare it to what they have. "If ours is better, we want compete with your business," is what customers are told, He said.
