Questions on Virtual Financial Group

[jcboston]

Is anyone out there currently having success with this company called Virtual Financial Group? I am doing some due diligence on this before jumping in. I understand they are part of or owned by World Financial Group which is in turn owned by Transamerica. So far this sounds great if all is true and not overly hyped. Perhaps too good to be true. I am based in Massachusetts and there is another subsidiary of World Financial Group "World Financial Group Insurance Agency of Massachusetts, Inc." How does that fit into the picture for a MA based agent like me? They say that even if you are licensed in one state you can sell in 50 states. How is that legally done without being licensed to solicit or sell insurance in those states?

Is this just another company trying to sell indexed IUL to the people they recruit? The cost to enter into the program seems low which is a good sign but I want to make sure as much as I can that I don't waste my time. Any information that could be provided to me is appreciated.

Thank you JCBoston

 

[VolAgent]

Re: Questions on Virtual Fianancial Group

It doesn't seem very real to me.

 

[guyhans]

Re: Questions on Virtual Fianancial Group

Is anyone out there currently having success with this company called Virtual Financial Group? I am doing some due diligence on this before jumping in. I understand they are part of or owned by World Financial Group which is in turn owned by Transamerica. So far this sounds great if all is true and not overly hyped. Perhaps too good to be true. I am based in Massachusetts and there is another subsidiary of World Financial Group "World Financial Group Insurance Agency of Massachusetts, Inc." How does that fit into the picture for a MA based agent like me? They say that even if you are licensed in one state you can sell in 50 states. How is that legally done without being licensed to solicit or sell insurance in those states?

Is this just another company trying to sell indexed IUL to the people they recruit? The cost to enter into the program seems low which is a good sign but I want to make sure as much as I can that I don't waste my time. Any information that could be provided to me is appreciated.

Thank you JCBoston

I am also researching this company. Seems legit. Did you sign up? If so any results?

 

[goillini52]

Re: Questions on Virtual Fianancial Group

I believe that WFG is a MLM outfit. Not sure about VFG.

 

[WacoIII]

Re: Questions on Virtual Fianancial Group

Yes, I did get appointed and it has been great for me so far. Little slow at first however it picks up fast. Still providing the same TransAmerica products however my office is finally virtual. I am so happy to be out of traffic and not putting so many miles on my car. [email protected]

 

[CaptiveBroke(r)]

Re: Questions on Virtual Fianancial Group

Besides the negative side of this program, that is it a startup MLM, there are other concerns one should be considering before joinng it.

It seems like they are recruiting just about anybody and promising them financial prosperity in a short period of time. All they have to do is get their life insurance license to start.

The hype is outrageous all over the web. Everyone and everybody is a Sr. VP or VP or sorts.

And lastly and most importantly IMHO, would you really want to buy insurance or a retirement program from someone that has no experience whatsoever and is more concerned with building a downline than learning about the insurance business?

Whoever wants to blast me, that's fine. I believe this business should be made up of seasoned, dedicated people that are more concerned with their clients needs and are trained properly instead of trying to increase the amount of members they recruit.

 

[pcbinsurance]

Nobody will blast you for telling the truth.

 

[guyhans]

I wound up signing up with Virtual Financial and am very happy with their program. Thanks to all for your input.

 

[CaptiveBroke(r)]

Good luck to you. I wish you well.

Simply remember your clients come before any MLM or upline requirements.

 

[suzys]

talked to someone with virtual financial group..are you still happy with their program. Thank you