This Companypushs products that hurt families. Please Beware!!!!
World Financial Group is a multi level marketing company. Their reps are independent contractors. They are owned by parent company Aegon. They specialize in meeting with middle and low income families, where they sell products that destroy a families hope for a bright future. The main insurance product they push is a Variable Universal Life Insurance policy, underwritten by Western Reserve Life Insurance Co. This product is a hybrid life insurance with a savings component. Basically they tell families of the importance of life insurance and add that they will end up with millions of dollars at retirement inside their policy. First of all it doesn't work that way. The costs are way too high and they have too many hidden fees and charges. They don't allow you access to your "savings" for the first 3-5 years. This is because the money you pay into their policy is going to pay for the high commissions the company pays the World Financial agents. Bottomline is this, all financial and consumer advocates advise to buy term insurance and invest the difference you would have paid with the Variable Insurance policy. The sad thing is World Financial agents have the ability to help families with the buy term invest strategy, yet they almost always chose the Variable Life insurance , obviously because of the higher commissions. They do the wrong thing almost all the time......Beware of this company
fighter
San Dimas, CA