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1 Nov 2006, 02:47
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#1
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Registered User
Join Date: Oct 2004
Posts: 6
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World Financial Group
Hey anyone heard of WFG. I recently joined their orginization. Basically we help reduce debts and taxes we well as suggest insurance plans.
It's a member of Aegon.
ANyways just wondering if you guys ever think of getting life insurance?
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1 Nov 2006, 08:14
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#2
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:alpha:
Join Date: May 2002
Location: London, UK
Posts: 7,871
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Re: World Financial Group
I'm a bit young to be thinking about it (23) - plus it'd be pretty expensive for me, given my circumstances at the moment heh.
I think the average age for GD is about 25 or so, so you'll probably find the same thing - we all consider ourselves too young to need it.
__________________
"There is no I in team, but there are two in anal fisting"
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1 Nov 2006, 10:01
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#3
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-Narcissus.Narcosis-
Join Date: Oct 2003
Posts: 133
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Re: World Financial Group
How do companies that claim to reduce debt work? How does it work and what do you get out of it?
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How To Make A Bong
Last edited by TouRiQueT; 13 Sep 2011 at 07:05.
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1 Nov 2006, 10:15
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#4
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I'm who you want me to be
Join Date: Mar 2001
Location: In a flat place, enjoying RL
Posts: 418
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Re: World Financial Group
Quote:
Originally Posted by TouRiQueT
How do companies that claim to reduce debt work? How does it work and what do you get out of it?
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Indeed, I can see how you can help to reduce taxes, but reducing debt plans by private organisations (which I'm assuming it is) always smell funny to me.
As for life insurance, there's a commercial currently going around here about a woman telling it has been a rough year; she had to say 'goodbye' to her beloved boyfriend and 'hello' to around 7000 euro's debts for the funeral.
I'm around the average age line that TomKat describes here, but I agree that I feel I'm still too young to have a life insurance, but moreso based on my social environment than my actual age (I'm unattached and if anyone had to pay for my funeral, it'd be my parents, who could afford it easily). I'm interested though, do you consider the need for life insurance simply to be because of your age, or is it down to social circumstances aswell?
__________________
And in the end, it's not the years in your life that count... it's the life in those years
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1 Nov 2006, 12:36
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#5
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Raaaaaaaah!
Join Date: Apr 2000
Location: United Kingdom
Posts: 2,296
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Re: World Financial Group
From Wiki not the best source but:
Quote:
The business has been reported as a fraudulent pyramid scheme by its critics.
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Sounds fishy to me.
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Hicks
Mercury & Solace
Always [Fury]
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1 Nov 2006, 12:58
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#6
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Clerk
Join Date: Jun 2001
Posts: 13,940
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Re: World Financial Group
Quote:
Originally Posted by TouRiQueT
How do companies that claim to reduce debt work?
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Either by
-getting you to borrow more money from another source (which doesn't actually reduce your debt, but might reduce your monthly outgoings).
-advising you to go bankrupt / default or enter some sort of IVA
-some sort of other negotiation with your creditors (if it's looking like you can't pay at all, a lot of the time people will take half the debt instead, it's far more than they'd get if you went bankrupt, and cheaper too)
However, since there are charities which do this for you, I'm not sure why you'd go to a private company (unless you're looking to borrow more money, which could be a bad idea).
The CCCS did my debt thing (for free). I now no longer get annoying letters from everyone on the planet and I've stopped paying interest on most of my debt. And my outgoing on debt went from £700 to £360 PCM. </end-plug>
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1 Nov 2006, 13:23
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#7
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-Narcissus.Narcosis-
Join Date: Oct 2003
Posts: 133
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Re: World Financial Group
Quote:
Originally Posted by Dante Hicks
The CCCS did my debt thing (for free). I now no longer get annoying letters from everyone on the planet and I've stopped paying interest on most of my debt. And my outgoing on debt went from ?700 to ?360 PCM.
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What kind of effect did that have on your credit rating?
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Vaporizer Video Review
Last edited by TouRiQueT; 13 Sep 2011 at 07:05.
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1 Nov 2006, 13:30
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#8
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The Twilight of the Gods
Join Date: Jan 2001
Posts: 23,481
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Re: World Financial Group
It was already shot to hell, so very little I presume.
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1 Nov 2006, 15:29
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#9
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Clerk
Join Date: Jun 2001
Posts: 13,940
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Re: World Financial Group
Quote:
Originally Posted by TouRiQueT
What kind of effect did that have on your credit rating?
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Pretty much what MrL said. Although I "promised" (signed some non-binding declaration) not to take out any additional credit through the course of this program (3 years), so I don't know for sure.
Since it involved defaulting on accounts I hadn't previously defaulted on, it theoretically made it worse, but I'm not sure how much worse it can get than everyone saying 'No' (unless when you apply potential creditors put on brass knuckles and start sadistically beating you around the face and neck).
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1 Nov 2006, 15:50
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#10
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Banned
Join Date: May 2001
Location: Further to the right
Posts: 19,441
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Re: World Financial Group
Theoretically speaking dante should be out of debt on the 17th of November 2167.
Theoretically speaking.
__________________
Some might ask what good is life without purpose but I'm anticipating a good lunch.
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1 Nov 2006, 16:31
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#11
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Insomniac
Join Date: May 2003
Posts: 3,583
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Re: World Financial Group
i saw this thread and instantly thought " its either a spammer or a viral marketer. Either way i want to cause them physical harm "
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1 Nov 2006, 16:44
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#12
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Avenger of Calamari
Join Date: Aug 2003
Location: Alberta, Canada
Posts: 939
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Re: World Financial Group
Unfortunately, I have a condo or some form of place to save for, a career to start, and a car/license to fully obtain.
Life insurance is one of those things that is about as useful as a screen door on a submarine for me right now.
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1 Nov 2006, 17:45
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#13
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Jazz Man
Join Date: Jan 2003
Posts: 1,494
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Re: World Financial Group
I'm 20 and have started a pension already.
Given my choice of career (musician) it's an important issue for me
But it means when I eventually retire in many many years to come I should have a nice sum set aside to keep me going and to enjoy myself.
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Marv
Ex ROCK HC & PA Team Head of Support.
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1 Nov 2006, 18:09
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#14
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NASA Health & Safety
Join Date: Mar 2006
Posts: 62
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Re: World Financial Group
Having a wife and son I find I do need life insurance. It's a strange feeling knowing I'm worth more dead than alive.
My ability to sleep with one eye open and having the only key to the knive drawer is the only reason I'm still here to type this reply.
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In a hotel in the West Midlands, rotting.
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1 Nov 2006, 19:17
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#15
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cynic
Join Date: May 2000
Location: Bishop Auckland Co. Durham
Posts: 8,809
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Re: World Financial Group
i have life insurance, as well as many other kinds of insureance, you tend to find that they start coming out of the woodwork when you get a mortgage
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lazy
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1 Nov 2006, 22:11
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#16
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USS Oklahoma
Join Date: Jun 2005
Posts: 2,500
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Re: World Financial Group
Actually, as you get older, your need for life insurance deminishes. I don't have to worry about providing for my children. The house is paid for, so if I die my wife won't have to worry about paying off the mortgage.
Insurance is most needed when one is young and has obligations to see to the monetary well being of children, etc. On the up side, when you are young, life insurance is the cheapest. Get term insurance.
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Ignorance is curable, stupidity is not.
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2 Nov 2006, 00:58
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#17
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Tilting at windmills
Join Date: Nov 2003
Posts: 579
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Re: World Financial Group
Quote:
Originally Posted by Phil^
i saw this thread and instantly thought " its either a spammer or a viral marketer. Either way i want to cause them physical harm "
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After the "Tomkat Event", it seems the mods no longer approve of banning 'real' people for advertising.
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[Fury] [1up] [Ascendancy]
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2 Nov 2006, 01:44
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#18
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#planetarion
Join Date: Feb 2002
Location: Birmingham, UK
Posts: 1,538
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Re: World Financial Group
Quote:
Originally Posted by Phil^
Either way i want to cause them physical harm "
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Pay per view?
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- A2
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2 Nov 2006, 08:54
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#19
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The Twilight of the Gods
Join Date: Jan 2001
Posts: 23,481
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Re: World Financial Group
Quote:
Originally Posted by horn
i'm thinking of becoming a fireman.
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I read that as "Fremen" initially. (Become a Sardukar, the hours are better.)
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2 Nov 2006, 16:08
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#20
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Klaatu barada nikto
Join Date: Mar 2000
Location: St. Paul, Minnesota
Posts: 3,237
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Re: World Financial Group
Quote:
Originally Posted by Mitc
Having a wife and son I find I do need life insurance. It's a strange feeling knowing I'm worth more dead than alive.
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Unless you're old or disabled, you're almost certainly worth more alive than dead (think of all your future earnings). On the other hand, your beneficiaries might not want to wait.
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The Ottawa Citizen and Southam News wish to apologize for our apology to Mark Steyn, published Oct. 22. In correcting the incorrect statements about Mr. Steyn published Oct. 15, we incorrectly published the incorrect correction. We accept and regret that our original regrets were unacceptable and we apologize to Mr. Steyn for any distress caused by our previous apology.
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2 Nov 2006, 18:38
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#21
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Dirte
Join Date: Apr 2002
Posts: 5,573
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Re: World Financial Group
I have a travelinsurance, that also cover medical care outside Norway. It's piss cheap, no minimum costs or own fee, and counts from the moment i set my foot outside the door.
__________________
"Freedom, morality, and the human dignity of the individual consists precisely in this; that he makes waffles not because he is forced to do so, but because he freely conceives it, wants it, and loves it."
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