No. World Financial Group is not a pyramid scheme.

In a typical pyramid scheme, money paid into the scheme by new participants is used to pay off earlier entrants. Often, no actual products or services are sold or provided. Once the scheme begins to collapse, the most recent participants are often left unpaid. Pyramid schemes are generally illegal.

WFG operates regulated insurance entities in the US 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 and health* insurance policy or an annuity contract. The customer receives life insurance protection or an annuity from the insurance company.

* The health insurance option is specific to Canada only

Top Five Facts About WFG

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

WFG is owned by Transamerica who, in turn, is owned by Aegon. In business for more than 100 years, Transamerica is a US brand operating a number of life insurance and financial services businesses with multiple offices across the United States. Transamerica is owned by Aegon, a publicly traded financial services company.

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

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

* The health insurance option is specific to Canada only

3. WFG follows an insurance agency model.

WFG agents offer for sale actual products and services issued by regulated and reputable insurance companies. Agents can earn 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 US state or Canadian province or territory in which the WFG agent operates.

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, including in the US, Transamerica, Crump, Nationwide, Pacific Life and AMS Financial Solutions and, in Canada, Ivari, Equitable, iA Financial, CPP Foresters, Empire Life and Manulife. 

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, pass 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 vast library of pre-approved, professionally designed emails and social media posts to use for marketing.

How Can I Learn More About World Financial Group?

Learn more about the World Financial Group story, hear from WFG agents, review WFG fees and resources or get in touch to get started on your entrepreneurial journey now.