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  1. #1131
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    LynnRE;258680]No you did not miss anything as that is what GPP has stated about the program. Only one problem, what they stated and what is real are two different things. You CANNOT issue a PENSION plan on a minor period. There is not a legal insurance company in the world who would even try something like this. They would lose their license immediately if they did. As I stated above, if this was a straight life insurance policy, a different story. Don't take my word for it, but ask any insurance agent if this can be done; or call an insurance company and ask them. They will gladly answer your question. While you are at it, ask them if you can have more than 1 policy on yourself for the exact same amount based on your annual income. Just be sitting down when you ask them, because the answer you get will not be what you want to hear. In addition, ask them what information they would require from you for them to issue you a pension plan. The reason? Well, if GPP doesn't ask you to provide the same information, they are not real. You will not believe all the information they will request from you to write a pension plan on your life. Hint, it is more than your banking information, and copies of your ID's. So if they don't ask for this, you might want to ask how the Trust is going to "fill in" the information for you. If they do it, then it is "fraud." Guess what, you can also be charged with fraud for allowing them to do it for you since you are receiving payment from a pension plan you did not apply for. Still think it is only going to cost you a mere $35?[/quote]


    actually, I do own a traditional insurance plan, probably, whole life. It's been so long since I first bought it. I forget the application process.
    I'm thinking these reverse pensions are something different altogether;similar in some respects and different in others.

  2. #1132
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    No doubt about it hyipking, "I forget the application process".
    Most not only forget, but moreso...most disregard the application process.
    Not to mention that they regard the rest of the facts as being negative.
    Go figure!
    Laugh when you can, apologize when you should, and let go of what you can't change. Kiss slowly, play hard, forgive quickly, take chances, give everything, never go to sleep angry and have no regrets. Life is too short to be anything but happy.

  3. #1133
    Senior Investor LynnRE's Avatar
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    Well, so much for having the "Whole" month of January to send in your documents as promised by Stella. Hmmmm, I think this makes GPP 0 for 4 now on keeping their promises. This next update from Stella is not going to sit well with many of the members. Of course you will have a few that think this is a positive thing payments have been delayed again, but they will still be saying that come June when they keep coming up with new excuses too. Some never learn.

    It is getting too easy to predict their next moves. The only question is will they wait until 1/31 to announce the updated news or will they do it on the 28th. My bet is on the new payout date being moved to the middle and end of March. Have to work out all those pesky banking solution details, and it is taking longer than they planned. Of course they had all those weeks where none of their payments systems worked, and they couldn't receive money, so they will also extend the time to allow for the purchase of additional policies because of these problems. It wouldn't be fair to deprive the members of being able to purchase more, so in fairness they will extend the purchase time to accommodate all who still want to buy more policies. Gotta love it.

  4. The Following User Says Thank You to LynnRE For This Useful Post:

    ajj

  5. #1134
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    i'd like to be a mouse in the corner when stella tells the banker that we need 50000 dollars for everyone who put up 35 dollars. i'd like to see her face when he says , yeah right when pigs fly. you guys are killing me, cut it out. enough already.

  6. #1135
    Senior Investor LynnRE's Avatar
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    Quote Originally Posted by ajj View Post
    i'd like to be a mouse in the corner when stella tells the banker that we need 50000 dollars for everyone who put up 35 dollars. i'd like to see her face when he says , yeah right when pigs fly. you guys are killing me, cut it out. enough already.
    You're right, that would be a riot. Of course what is really going to be interesting is "if" they ever name this banking solution to the membership. Just think, this bank is going to jump from one of the smallest to being in the top 10 banks in the world in one fell swoop. One thing for sure, you probably have never heard of this bank before either.

  7. #1136
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    Quote Originally Posted by LynnRE View Post
    Well, so much for having the "Whole" month of January to send in your documents as promised by Stella. Hmmmm, I think this makes GPP 0 for 4 now on keeping their promises. This next update from Stella is not going to sit well with many of the members. Of course you will have a few that think this is a positive thing payments have been delayed again, but they will still be saying that come June when they keep coming up with new excuses too. Some never learn.

    It is getting too easy to predict their next moves. The only question is will they wait until 1/31 to announce the updated news or will they do it on the 28th. My bet is on the new payout date being moved to the middle and end of March. Have to work out all those pesky banking solution details, and it is taking longer than they planned. Of course they had all those weeks where none of their payments systems worked, and they couldn't receive money, so they will also extend the time to allow for the purchase of additional policies because of these problems. It wouldn't be fair to deprive the members of being able to purchase more, so in fairness they will extend the purchase time to accommodate all who still want to buy more policies. Gotta love it.

    as you so said so succintly a few posts back, lynnre, "the natives are getting restless!"

  8. #1137
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    sooooooooooo did they tell anyone to send in the membership agreement and ID yet? Didn't see that they had....

  9. #1138
    Senior Investor LynnRE's Avatar
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    Here's the latest and greatest from Stella:

    Dear Members,

    I have just come back from Kuala Lumpur, where we had further meetings concerning the program and the Banking Solution. We didn’t meet a single obstacle during the discussions, the only uncertain thing is the time-frame.

    The company, who’s going to provide the solution, is applying for the financial license shortly. They are preparing the paper-work at the moment and then they are submitted for the fast-track processing. Also building the online-part of the solution is being started shortly. I am not aware of the exact specifications yet, but my humble comment and request was to make it as user-friendly as possible.

    The Banking Solution will be far superior solution to the personal bank account. This will eliminate the fear of having the funds frozed by your local bank because of a sudden sizable deposit, that differs from the normal daily and monthly transactions. A big number of members have contacted us because of this fear, and I must admit it’s for real. The size of the transaction are going to be that big, that as soon as they hit your account, the national central bank will start asking questions. That really isn’t a problem, as the funds are coming from a legal origin, but it’s very trouble-some, frustrating and time-consuming for you. Thus this will be avoided as well as possible.

    The Trust Partner has asked me not to close the site, i.e. the sign ups and additional policy purchases until the Banking Solution is ready and is being launched. Hence you can, if you so wish, sign up and buy additional policies without hurry. You can also update the profiles if needed.

    We will go in one month steps from here, meaning that the site is open for one full calender month until the situation is reviewed again. For example, if the Banking Solution is fixed during February, I will close the site in the end of February and no more purchases is accepted. I think it’s better to know this in advance and not trying to guess the date in case this and that happens.

    The member support is working on and off. I have to travel a lot and join different meetings with the Trust Partner and other partners related to the program, and this will prevent me from answering emails every single day. I promise to do my best anyway!

    More information will be available soon!

    Regards,
    Stella

    Gotta love it. Now who would have guessed it?

  10. #1139
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    I am really disgusted by their greed and manipulation.

  11. #1140
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    Quote Originally Posted by way2go View Post
    I am really disgusted by their greed and manipulation.
    Still got it in your signature then?

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