No. World Financial Group (WFG) is not a scam.

WFG operates regulated insurance agencies in the U.S. and Canada.  Like most life insurance agents, licensed agents with WFG can earn compensation by receiving a portion of the commission paid by licensed, regulated, and reputable insurance companies when the agent sells a life insurance policy or an annuity contract.  The customer receives life insurance protection or an annuity from the insurance company.   

Top Five Facts About WFG

1. WFG is owned by reputable and well-established companies.

WFG is owned by Transamerica, Aegon’s largest business unit.  In business for more than 100 years, Transamerica is a U.S. brand operating a number of life insurance and financial services businesses with multiple offices across the United States. Aegon is a publicly traded financial services company. 

2. WFG and agents operate in a highly regulated industry.

The manufacture and sale of life and health insurance and annuities is regulated by every US state and district and each Canadian province and territory. The regulations typically cover both the content and form of the life insurance and/or health policies and annuity contracts as well as agent licensing and market conduct practices.

3. WFG follows an insurance agency model.

WFG agents offer for sale actual products and services issued by regulated and reputable insurance companies. Agent compensation is earned through commissions on the sales of those products by the agent and those the agent has recruited.

4. WFG agents are required to be licensed.

Selling life insurance and annuities is highly regulated and requires a license from each U.S. state or district or Canadian province or territory in which the WFG agent makes sales.

5. WFG agents offer products and services through reputable and well-established companies.

WFG has relationships with some of the most well-known providers and carriers in the industry.

What is World Financial Group’s Business Model?

Interested individuals typically get started by connecting with a WFG agent in their area. Existing agents enjoy connecting with driven entrepreneurs and sharing their experiences. Pre-licensing education providers can help trainees learn about the industry, work towards passing the insurance licensing exam, and meet any province or state-specific requirements.

Independent agents set their own hours and plan appointments as they wish. Some start part-time and then grow as they feel ready. WFG provides a range of technology and marketing tools that power its business. These include an agent web portal, a mobile app and a personalized online agent profile. Agents can also access a library of pre-approved, professionally designed emails and social media posts to use for marketing.

How Can I Learn More About World Financial Group?

Explore WFG’s website to learn more about the World Financial Group story, hear from WFG agents and customers, and review WFG fees and resources.   You can also speak directly to an agent near you.