Quote:
Originally Posted by panda
i m having some difficulty making the numbers add up too. could someone clarify? or someone who has taken part in these sort of plans before? my queries:
1. how does a EUR30 payment allow a member to buy a $200k policy?
2. how will the $55k payment be made? via EG (unlikely since there isnt that much gold around) or direct to member banking account or debit card or...?
thanks in advance for answers.
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Hi Panda,
All of the answers to your questions are on the website.
In short though:
1. The EUR30 payment is a contribution towards the debit card and banking solution that will provided at the time of payout and allows you to participate in the program
Policy: $200,000
Less: Premiums $41,000 (This pays for the full policy)
Less: Member Pay Out $55,000
Less: Commissions $24,000
Trust Partners Residual $80,000
2. The payout together with any accrued loyalty bonus will be paid out through a banking solution that is being set up for members by the Trust Partners. Each account will have a debit card attached to it to withdraw the funds.
Hope this helps
.