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World Financial Group (wfg)

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World Financial Group (WFG) Company Research Report



Company Overview



Name


World Financial Group (WFG)

Mission of the Company


WFG aims to help individuals create the life they want to live while protecting their loved ones and planning their financial legacy. The company provides access to a diverse portfolio of insurance, retirement, savings, and wealth-building strategies.

Founded and by Whom


Founded in 2001. Specific details on the founder are not provided.

Key People in the Company


- Todd Buchanan: President, World Financial Group; Senior VP, Transamerica
- Michael Brodeur: Chief Operations Officer
- Drew McDonald: Head of Field Engagement
- Rick Williams: President, World Financial Group Insurance Agency of Canada, Inc.; Head of WFG Charitable Trust
- Janice Beauregard: VP, Network Development
- Susan Davies: VP, Field Relations & Supervision; Head of WFG Foundation
- Suzanne Ford: VP, Director, Canada
- Angelo Ojeda: Managing Director, Head of Field Marketing
- Bethany Rison: Chief of Staff
- Andrew Schaad: Senior Director, Operations

Headquarters


- U.S. Home Office: 6400 C Street SW, Cedar Rapids, IA 52499
- Canada Home Office: 5000 Yonge Street, Suite 800, Toronto, ON M2N 7E9

Number of Employees


76,000+ life licensed agents as of 2024

Revenue


No information is available

Known For


WFG is known for its extensive network of independent financial professionals who help clients with life insurance, retirement strategies, education planning, and wealth-building strategies.

Products



Product Offerings


- Life Insurance
- Retirement Planning
- Education Planning
- Estate Preservation
- Business Strategies

High-Level Description of the Products and Key Features


1. Life Insurance
- Term Life Insurance: Lower premiums, specific term coverage, no cash value.
- Whole Life Insurance: Permanent coverage, accumulates cash value, higher premiums.

2. Retirement Planning
- U.S.: Offers annuities with fixed and fixed indexed options.
- Canada: Offers RRSPs (Registered Retirement Savings Plans) and TFSAs (Tax-Free Savings Accounts).

3. Education Planning
- Savings plans for K-12 private education and college fees, factoring in expected inflation rates.

4. Estate Preservation
- U.S.: Charitable Strategies & Trusts, Life Insurance Trusts, Wealth Replacement Trusts.
- Canada: Life Insurance, Annuities.

5. Business Strategies
- U.S.: Deferred Compensation, Executive Bonus, Split Dollar, Key Person Insurance, Buy-Sell Arrangements.
- Canada: Group Pension or RRSP, Group Insurance Benefit Plans.

Recent Developments



Recent Developments in the Company


- Shaun White to Headline Convention of Champions 2024
Announcement Date: July 10, 2024

- Todd Buchanan Appointed to Finseca Board
Announcement Date: June 18, 2024

- Mel Robbins to Headline Unstoppable Women's Conference
Announcement Date: October 18, 2023

- WFGIAC Sponsorship for 2023 Grand Slam of Curling
Announcement Date: October 13, 2023

- Michael Brodeur Appointed COO
Announcement Date: October 2, 2023

- Brendon Burchard and Maureen Zappala as Featured Speakers at Convention of Champions 2023
Announcement Date: June 29, 2023

- Financial IQ Study Results
Announcement Date: April 19, 2023

New Products Launched


No information is available

New Features Added to Existing Products


No information is available

New Partnerships


No information is available




This report provides a detailed overview of World Financial Group (WFG), highlights its main offerings, and lists recent developments within the company. For further inquiries and updates, staying connected with WFG's press releases and announcements is recommended.