World Financial Group (WFG) on LinkedIn: #wfgleaders | 64 comments (2024)

FAQs

Is WFG a good company to work for? ›

75% of World Financial Group employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated World Financial Group 4.1 out of 5 for work life balance, 4.1 for culture and values and 4.2 for career opportunities. What are the pros and cons of working at World Financial Group?

Can you quit WFG? You cannot quit, they will always terminate an agent, so that you have no ability to sell your agent code, which is basically the book of business that you may have spent years building.

It is wholly owned by Dutch life insurance multinational Aegon and operates primarily under the Transamerica brand in the United States. World Financial Group associates are compensated by selling financial services products and receiving commission overrides from people that agents sponsor into the company.

Write a resignation letter: Draft a formal resignation letter stating your intention to leave the company and the reason for leaving. Keep it professional and polite. Schedule a meeting with your supervisor: Schedule a meeting with your supervisor to deliver your resignation letter and discuss the transition process.

WFG is owned by Transamerica — a subsidiary of Aegon. Both Aegon and Transamerica are legitimate and reputable insurance companies. While WFG does not have any products of its own, it promotes and sells products of legitimate companies in Canada and the US.

According to an anonymous conversation on The Insurance Forum, World Financial Group starts agents out at a 25% commission rate. Then, when you recruit 3 agents, commission moves to a 55% rate. Likewise, all future commission increases are dependent on agency building, higher levels of recruiting, and production.

#1 Low Motivation. It's not a secret. To be a thriving insurance agent, you have to want to succeed. Failure to work hard is one of the top reasons people in this industry want to call it quits.

Lack of work ethic. It takes a lot of hard work and discipline to break into a career as a financial advisor. While many are willing to work hard for a period of time, fewer are willing and able to maintain the high-level work ethic required to survive and thrive as a successful advisor.

High Standards & Support. World Financial Group is more than an insurance sales platform. It is a community of people from all parts of the world who have made it their life's work to become financially literate and help others protect their loved ones.

By dividing 72 by the annual interest rate, one can quickly determine the approximate number of years required for the investment to grow twofold. This rule is particularly useful for interest rates between 6% and 10%, offering a quick mental calculation for investors and financial planners alike.

Is WFG under investigation in Canada? ›

FSRA issues notice of proposal against World Financial Group Insurance Agency of Canada Inc. The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against World Financial Group Insurance Agency of Canada Inc. (WFG).

STEVE OZONIAN President & CEO

Steve is a leader in the real estate and mortgage industry and his career has been well-chronicled. Over the course of his career, he has engineered the dramatic growth of multiple real estate related businesses.

Just text STOP to 45035.

The average World Financial Group salary ranges from approximately $54,845 per year for Administrative Assistant to $90,904 per year for Insurance Broker. Average World Financial Group hourly pay ranges from approximately $20.30 per hour for Administrative Assistant to $107 per hour for Financial Advisor.

Primerica scored higher in 2 areas: CEO Approval and Positive Business Outlook. World Financial Group scored higher in 4 areas: Overall Rating, Senior Management, Compensation & Benefits and Career Opportunities. Both tied in 4 areas: Culture & Values, Diversity & Inclusion, Work-life balance and Recommend to a friend.

Primerica scored higher in 2 areas: CEO Approval and Positive Business Outlook. World Financial Group scored higher in 5 areas: Overall Rating, Senior Management, Compensation & Benefits, Career Opportunities and Recommend to a friend. Both tied in 3 areas: Culture & Values, Diversity & Inclusion and Work-life balance.

Financial Stability Rating

WFG Earned an A' Prime Unsurpassed Rating from Demotech.

The Financial Advisor will be responsible for tasks such as financial planning, retirement planning, providing financial advisory services, investments recommendations, and conducting financial analyses.