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What happened to World Financial Group?

In 2001, financial services giant AEGON acquired select assets of World Financial Group. The company was rebranded as Transamerica Securities in the United States in 2015, although it is still a subsidiary of AEGON. The founder was forced out, signing a non-compete agreement through 2013.

Is World Financial Group trustworthy?

WFG is not a scam. WFG and its field of agents are held to the highest standards of ethical customer care by each states Department of Insurance or provinces Insurance Council. Each agent is licensed by the state or province where they practice.

Is WFG insurance legit?

WFG is a legitimate business and a brand comprised of World Financial Group Insurance Agency (WFGIA), Transamerica Financial Advisors, and World Financial Group Insurance Agency of Canada Inc.

Who is WFG owned by?

Who owns WFG? World Financial Group has been owned by Transamerica since 2001. With thousands of offices across the United States and tens of thousands of agents in Canada and the U.S., World Financial Group and Transamerica are thriving businesses on the forefront of financial strategies and insurance.

What are the disadvantages of WFG?

Criticisms of WFGs Products Its suggested that these products are promoted more for their high commission potential than for the clients benefit. For most people, theres better value in investing in low-cost funds and buying term life insurance, instead of getting universal life insurance.

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