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WFG is an IMO/FMO in the insurance industry. They are contracted with real insurance companies, selling real life insurance products. A lot of people like to call it scam because they don't understand how the insurance industry works, especially on the independent side. In the insurance industry, it is regulated by our gov't. So in a real sense, technically, they are NOT a scam. They are a legit and very large insurance agency. So, if you bought life insurance from WFG agents, you die, you are covered.
Now, should you buy life insurance from WFG agents? They aren't the most educated and trained agents. They just aren't. They don't properly train their agents. Their agents for the most part do not know the ins and out of insurance products. A few may know but the majority agents...they just don't know.
Should you use life insurance as a savings plan for retirement? Some thinks it's a great idea. A lot of people thinks it's a bad idea. You'll have to do your own research to come to a conclusion and I don't mean just google. Uneducated people's opinions spread across the web don't count. You'll have to read it from real experts on both side and come to your own conclusion. I have both term and permanent insurance. There is a reason why I have them. But my reasons are my own. I believe in never putting everything in one basket. My wife and I have our money in other various things, for example stocks, 401K, IRAs, etc
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