2023 0607 – Always Marco – Meet Terry Johal – WFG

  • 24:00 – MLM’s Target minority communities
  • 30:00 – Date-? – DRISHTI – Terry Johal – From Rags to Riches and Still Moving Up – WFG – [link]
    • Terry reiterates that insurance is a living benefit.
      • “We sell Life Insurance. It is a living benefit in North America that is no longer available in the UK. You can save and have insurance to protect your family if something goes wrong. An insurance benefit works both ways: the early demise of a person or if one lives too long.”
    • ⇒  AM – Is that true? I don’t know.
  • 32:00 – AM – Same Pitch as a meeting at their office.
  • WFG – Training, no education needed.
  • Rooted in reality, then into nonsense
  • 34:30 – AM – life is hard
  • 40 – WFG – No income disclosure 
  • 42 – not mlm, is mlm – AM – MLM = Pyramid scheme = Infinite Level Marketing
  • 49 – Book – Execute 90

2023 0621 – Always Marco – Debating A Member Of WFG

  • 58 – 4 policies a month would be pretty impressive
  • 58 – Commissions – 25% vs 100%
  • 102 – Confusing, uneducated
  • I don’t understand vs you are not making sense
  • 104 – Final Expense – 10,000 vs 1,000,000
  • 106 – 10/10/30 – 10 policies, 10 recruits, 
  • 109 – Reality vs Expectations
  • 111 – Ice Cream Trucks
  • 120 – [Bonk: Churning]
  • 122 – Overrides
  • 129 – Sams Club
  • 133 – 
  • 134 – not many people are willing to work hard
  • 135 – it’s not easy
  • 138 – Then Why are these companies still around if it is a scam
  • 138 – Bernie Madoff
  • 139 – Legality doesn’t equate to ethics
  • 140 – always a new crop of people, [Bonk: Agent Turnover]
  • 143 – Military Recruitment
  • 147 – points, levels, helping families, recruiting, I’m 
  • 148- going in circles, I’m losing my patience
  • 151 – Complete fucking nonsense
  • 152 – …., Cognitive dissonance, 
  • 154 – Feby – Conversation is going nowhere
  • 154 – Feby -You don’t get it. You are not on the inside. and I can’t / won’t explain it to you.
  • 156 – Feby – nobody made me, people train people, are you claiming that you are smarter than those people.  Always good for people to say things from different points of view. Man Example – Lost money, couldn’t retire, we helped him put his money into something he couldn’t lose money. [Bonk: IUL?]
  • 200 – End of Video with Feby
  • 202 – Debates aren’t to change people’s minds, matrix, out of touch with reality, ice cream man, Feby-ice cream melts, wasn’t even paying attention. 
  • 211 – vender, government insurance license
  • – AlwaysMarco Video from a few days ago – Dexter Yager, Amway, old video, stinking thinking, JOBs, logical flaws, 
  •  – “Consider the Source”. Fake News on the internet, 
  • 216 – life insurance death benefit, 

Always Marco – WFG – World Financial Group

  • AlwaysMarco – Meet Robert Hollis – [wfg]
    • 18 – movie marco was in when he was 10yo
    •  the big one
  • 2023 0419 – AlwaysMarco – A Message To WFG – [VIDEO-YouTube-46:58]
    • 34 – The only hope that you guys have to stopping me is to kill me. 
    • Can’t sue me, cease and desist
    • 35 – Jarek – Gym Story, 
    • 37 –  I won’t stop until the top leaders are in jail, competition Bureau, FTC – Sending them info – 
    • 37 – WFG – Start Up Kit
    • 43 – WFG – Compensation and & Advancement Guidelines – 
  • 2023 0203 – Always Marco – He Flopped On Our Debate So I’m Doing THIS Instead – [VIDEO-YouTube-02:25:29]
    • Mckensy Long – WFG – World Financial Group
    • 27 – not in the mlm biz, in the insurance biz
    • 33 – MLM vs Insurance Industry
    • Mckensy – State Farm, total confusion about the industry, not just mlm
    • 35 – Insurance Company Failure Rate
      • [Bonk: Failure rate – Company vs Agent]
    • Mckensy VIDEO – 5 Red Flags – 
    • 46 – Professional Insurance people – Preparing / Educating Marco – Term, IUL, Typical Practices of the industry, compensation, 
    • Not a real office, Mckensy, Hartej
    • Anyone can get an insurance license
    • 54 – 
    • 57 – Insurance regulated business, Bernie Madoff, Harry Markopolos
    • 1:13:00 – Marcos information re: Commission from actual Life Insurance Agents, reason for 100% – Because the company makes money on the future years. [Bonk: Add – Surender Charges]
    • 1:20:00 – “wfg” “systems manual” – Rank Up – First 3 sales go to 3 recruits, Pressured to buy policy – [Bonk: ] 
    • not sold in Walmart – only alive because of internal consumption, 
    • @Rubester-cl6op – In the case of insurance id think the traditional insurance jobs have required training for a good reason and have people that know what they are doing! Which is pretty damn important if someone has to fight a lawsuit or something!

2023 0415 – Always Marco – WFG Is In Trouble

  • 10-28 – Core
  • 10:30 – 
  • 13 – Marco: Can’t do MLM, have to do it the normal way
  • 14 – only focus on recruiting , not financial products and services
    • [Bonk: Connect: 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance?, Howard Metzenbaum (D-OH)  —  [BonkNote]
      • Jerry Keating, Agent – John Hancock
        • (p18) – The home office people who came to the Sioux City, lA, office said: Don’t try to become a Ph.D. in variable life insurance; just learn enough to sell it and go.
          • This is what they told the whole office, and this was how I trained any new men that I hired:
          • Just sell it; do not worry about it.
        • Just before I got sick in 1990, the company seemed to change.
          • They started telling us about the risks.
        • This statement is only the tip of the problem.
          • There are hundred and hundreds more.
          • And, Senator Metzenbaum, I would like to tell you, sir, if you do not get the Government to do something about this, you haven’t seen nothing yet. 
      • 1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p
        • Robert E. Wilcox,  Utah Insurance Commissioner and Chairman of the Life Disclosure Working Group (NAIC)
          • Second, it was observed that ….. there is virtually no accountability for any of the participants in the sale ..not for the company, not for the agent, and interestingly, the white paper discussed accountability on the part of the purchaser as well.
  • 15 – Agent Retention
  • 16 – Agent Training –
    • Life180 – 
    • Crown audio
  • 17 – Company oversight of Agents
    • [Bonk: Connect:
      • Bob Wright (Virginia) said the Society of Actuaries report referred to the fact that companies said they had no control over what agents did. – 1994-4, NAIC Proceedings
      • ⇒  1991-1992 – SOA – Final Report* of the Task Force for Research on Life Insurance Sales Illustrations, Society of Actuaries  —  [BonkNote]  —  142p
  • Agent Retention
  • php, wfg, greatway financial
  • 21 – College Students –
    • [Bonk: Connect: 
  • 21 -WFG – 50% Universal Life,
    • Multi-Level Misery – Phillip Setter = Legitimate Insurance Advisors – IUL – presented as an investment vehicle, BTID – Primerica, Permanent Life, 
  • 40 – WFG – Document – Recognition and Rewards
    • 49 – Rings – selling policies – 1 policy per month —
    • 01:04:00 – Rings –
      • [Bonk: Connect: Elizabeth Warren – GOV – Annuities – 
  • 01:11:00 – Building Fortunes Radio
  • 01:27:00 – Marco: Goons do your thing
  • 01 – Marco: Goons do your thing – Wife’s name
  • 60s, 1970s Dexter Yager, William Britt – Sean Munger – History of Tools Scam -Marco Stupidity, cocaine dealer
  • 02:39:00 – Is this you Scott Johnson – Pictures
  • 02:39:00 – Scott Johnson – just can’t listen to Marco – Sometimes it hurts
  • 02:42:00 – Reason Why they focus on Marco
  • Primerica – Cease and Desist – Primerica has actual damages from things people like Marco do
  • 01 – Tools Scam – people who started this – late

WFG – World Financial Group

  • FSRA – Financial Services Regulatory of Ontario
    • 2022 2025 – Investment Executive – FSRA initiates enforcement action over MGA’s training practices. The regulator alleged a firm’s training instructs life agents to mislead consumers, which the firm refutes, By: IE Staff – [link]
    • 2023 0406 –  FSRA issues notice of proposal against World Financial Group Insurance Agency of Canada Inc. – [link]
    • 2023 0415 – Always Marco – WFG Is In Trouble  —  [BonkNote]  —  [VIDEO-YouTube]
    • 2023 0406 – Investment Executive – FSRA proposes new conditions on life MGA. Supervision framework “largely based on delegation to upline agents,” regulator alleged, By: Greg Meckbach – [link]
  • 2023 – Aegon – The Next Chapter: Capital Markets Day, London – 100p
    • (p27) – Transamerica – 3rd largest Life insurance distribution agency in North America via World Financial Group (WFG)
    • (p27) – Top 10 position in Life Insurance; #1 Indexed Universal Life product1
      • 1 Based on per product sales of Transamerica Life’s FFIUL product
    • (p97) – Will Fuller – President & CEO of Transamerica
      • Prior to joining Transamerica, Will served in senior leadership roles for Lincoln Financial Group and Merrill Lynch
    • (p100) – Jamie Ohl – President, Individual Solutions
      • As President, Jamie leads the team responsible for the future growth of Transamerica’s life insurance, annuity, and mutual fund solutions.
      • Jamie also leads World Financial Group (WFG), the third-largest distribution network in North America, made up of nearly 70,000 agents
  • 2007 – WFG – Business Format System, World Financial Group – 138p
  • 2010 – CCH SEC Docket – Volume 98, Issue No. 5 – November 29, 2010 – 
  • 2012 – WFG – System Manual – Six Steps to Building a WFG Business, World Financial Group – 58p
  • 2012 – WFG – Leadership Manual, World Financial Group – 28p
  • 2013 – WFG – Fast Start Workbook – 16p
  • 2018 – WFG – Compensation & Advancement Guidelines, World Financial Group – 12p
  • 2018 – Book – The Truth About World Financial Group: Unauthorized, by Steve Siebold 
  • World Financial Group, Ainsworth Mortgage
    • sec.gov/litigation/complaints/2008/comp20768.pdf
    • 2014 – CFA – Literature Review: Investment Professionals and Fiduciary Duties, CFA Institute and Research Foundation – 41p
      • For example, in 2006, the SEC filed suit against a group of broker/dealers working for World Financial Group (WFG).
      • These broker/dealers had persuaded customers to refinance their homes through a related mortgage company (Ainsworth Mortgage).
      • The broker/ dealers then recommended that the clients use the proceeds from refinancing to purchase securities-namely, variable universal life insurance (VUL) policies.
        • One example given in the complaint involved the marketing director of WFG and a branch manager at Ainsworth Mortgage, who recommended that a client refinance his home with a negative amortization loan and use the proceeds to purchase VUL securities.
        • The client was a 41-year-old truck driver who barely spoke English, had four young children, and had a combined family income of $15,000 in the year he purchased the VUL.
        • The transaction required a $9,000 upfront payment and $500 monthly premiums thereafter. The subprime mortgage used to finance this transaction had a substantial prepayment penalty and variable interest payments.
        • This type of case screams, “Unsuitability!”
      • A fiduciary standard is not necessary to curb these types of broker/dealer activities.
      • Perhaps higher penalties, faster disposition of cases, or industry recovery funds would accomplish the removal of bad actors from the industry (Di Lorenzo 2012)
  • wikipedia.org/wiki/World_Financial_Group
    • World Financial Group (WFG) is a multi-level marketing[4] financial and insurance services company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico.[5][6]
    • It is wholly owned by Dutch life insurance multinational Aegon and operates primarily under the Transamerica brand in the United States.[7]

Doug Andrew

  • Aaron Andrew
  • 2012 0413 - Doug Andrew -3 Dimensional Wealth - Maximum Funded Tax Advantaged (MFTA) Life Insurance - What is it? - [Aaron Andrew] - [VIDEO-YouTube-22:22]
    • EF Hutton, 7702. Bucket, TEFRA, DEFRA TAMRA,
  • 2015 - MDRT - Top of the Table - Aaron Andrew - 58p
    • p 11 - LifePro: Five Keys to Generating 300 Leads Per Week and Millions in Target Annually
    • In this powerful session, learn from Top of the Table producer Aaron Andrew how Live Abundant, a financial practice established in 1974, has created a predictable marketing system that generates more than 300 leads per week and millions in target annually.
    • Aaron will show you how Live Abundant uses a potent combination of radio, email, educational seminars and webinars to create financial predictability and prosperity.
  • 2022 - Idaho - Aaron Andrew - Revoking License