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Originally Posted by CarlW
Basically the same as Primerica. It's unfortunate that they make their victims pressure friends and acquaintances to these odd open house things to get you to become a "Financial Planner". If that's what they always push their "Planners" to do, where are all the damn clients and the planning? One would think they'd spend more time actually helping people with financial planning rather than inviting people to these open house things. Also I would surmise that their training is subpar if anything similar to Primerica.
From what I know the company's parent company, Aegon, is a large legit Financial company (They are Transamerica Life) it's too bad they also have their foot in this type of business.
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Yep and Primerica used to be under the Citi umbrella and push AGF funds and also used to push a lot of term to 95 policies that were a big rip off as the premiums would go up annually after 30 years and this was typically not properly disclosed. What are the chances of that rep even being in business in 30 years
These companies don't properly train or regulate things and for that matter aren't being properly regulated themselves as there is a lot of non-disclosure that goes on. Even worse though are those group RESP plans
It frustrates me that there are companies out there jerking around with peoples RESPs
Also they get you to sell first to family and friends as it helps in retention when you want out.....