Thread: Global Pension Plan

Intriguingly, Chicosan who claims not to be a member of GPP, appears to be acting as their spokesman on another forum, having asked questions of the mysterious Stella and received satisfactory answers or so he claims.
Now how can you do that unless you are a member or possibly the promoter?
I wonder will Stella answer my questions?

Originally Posted by LynnRE

kalin: I am not "menthal" at least not yet, at least I don't think so. I am not making fun of you because I know you meant mental. I am just joking with you. Of course this is optional, and you are not required to do it. But let's get real here. Now how many do you think will not take advantage of this new opportunity? After all is it just another mere 20 Euro, and you can have another 2.5 policies average per member. It is impossible to "qualify" 100,000 policies let alone another 250,000 policies.

Just so you know, I was a senior executive with one of the world's top 25 insurance companies, and there is no way even they could process 10,000 policies let alone 100,000 policies. Now what makes you think any insurance company could process another 250,000? What I am explaining is these policies do not exist.

Numbers don't lie, only people who use them do. If chicosan was so right, then why isn't he here defending this program? Makes you wonder why doesn't it? I think it should. Believe me, if chicosan was so sure on this, he would have been here all over my post. His absence speaks volumes.

I said a long time ago they would be back asking for more money, and here they are doing it. If this isn't shut down, they will be back asking for more in the future; or they will have fleeced all they need and have disappeared.

So lets get real here-lets say you bought a police from then and they said you can buy more.The obvious thing is that everybody will say-let them pay for the first one and after we can buy more.You really have to be very naive to buy more.So lets get real-these policies will be handled separetely.Its mention there but is so easy to concentrate on the negative.I do not know whether these policies exist or not-my point is not to twist the information.You are telling me that was joke-so why do not consider all Chicosan posts are jokes like yours.You are good at twisting the things i can see that which i suppose is good wnen you work for sharks.Just be honest men its not so much

Well, if there were any doubts that this is a scam... surely there aren't any more.

The shame is there will be many people who fall for this 'tremendous' offer!

Time to walk away and forget.

Kalin:

Let me give you a course in Insurance 101. Now I am only going to touch the surface with what I am about to explain, but to cover it fully would take a book or more.

First, there are 2 kinds of insurance companies. A stock company and a mutual company. They differ by who owns the company. Think of it as the difference between a bank and a credit union.

For every policy that an insurance company underwrites (means issued), they have to set aside reserves against future payouts. Not all policyholders will live until the end of their policy. Insurance companies know how many people will die in a given year, they just don't know who.

Each policy that is issued has a premium charge. This premium is less for younger people and higher for older people. This just means that with a younger person you spread the risk of the person dying before the expiration of the policy over a longer period of time, while an older person has fewer years to spread the risk. Hope you are with me so far.

It makes no difference what type of insurance policy is written (Life, Health, Accidental Death, Endowment, Annuities, Pension, Disability, etc.), the insurance company does not get to keep all the premium that is paid. They establish the premium amount on the term of the policy, they type of policy issued, the face amount of the policy (dollar amount of the policy), the age of the policyholder, administration costs, and reserves that have to be set aside required by law.

All insurance companies are regulated either by country, or as in the United States by each of the 50 states. For an insurance company to do business in all 50 states in the US, they have to comply with 50 different set of rules and regulations. While many are similar, each state does have different rules and laws that must be adhered to or they canot issue a policy in that state.

This notion that there is a public program, and a private program does not hold water. An insurance policy is an insurance policy no matter who is offering it for sale. The dollar amount of the amount insured (face value) does not change from it being a public offering to a private offering. Each policy will have a different value based on the age of the person insured, the term left in the policy, and the amount of the policy. The reason why some of these policies are for sale is that the surrender charge will be too costly to the insured to cash in their policy. Insurance policies have a sliding surrender charge. It is always 100% in the early years of the policy and then begins a sliding scale downward as the years go by. Some disappear by year 10, some as soon as year 8, but many can run as long as 15 years before the surrender charge disappears. It all depends on the type of policy, the term of the policy still remaining on the policy in which premiums must continue to be paid, and the face amount of the policy. But premiums must continue to be paid by the person buying it, or the policy expires. The average return on these type of policies is very small compared to other type of investment programs.

Now for this program to be true, you are required to believe that all 100,000 policies are for the exact same dollar amount (called face value) of the policy. Now do you really believe that there are 100,000 pension plans that have the exact same amount of face value? Now you are required to believe that not only is this true for 100,000, but now for an additional 250,000 policies.

This is just one small part of what you are asked to believe for this program to be real. Now, if you still believe they can find 350,000 policies that are for the exact same amount that is being insured, they by all means sign up for as many as you can get.

Understand, what I have briefly explained here is just the tip of the iceberg of what is really involved in the writing and issuance of an insurance policy, how they work, and all the regulations they are required to comply with to even do business. Now you can call it concentrating on the negative all you want, but it is dealing with reality.

Besides you were trying to compare apples to oranges in your post. Sorry if you cannot see that. Hope this helped.

"Payouts" been put off until February. Draw your own conclusions !

"Put off?" Don't you mean cancelled???????

I now have "Stellas's" current E-Mail address. Any bets on whether she'll answer me?

Originally Posted by Owen Platt

"Put off?" Don't you mean cancelled???????

Either way,there's no festive season cash !

What´s the problem with you? If you not are members in gpp why are you so interested in it? I don´t understand.

Originally Posted by velvet

I have yet to earn anything at all in the programs that I have joined. Everytime that I am getting close to earning some money someone runs away with all of it! I've gotten to where I don't believe anyone and wonder if anyone really gets anything!!!

The real problem is when it becomes a case when one fails or avoids cold hard and bare facts facing you in light of financial slowdown or hardship being faced that a prey is certainly to fall under yet again to these messiahs of money-maturity programs that basically lavish on your weak hopes and easily misguided aspirations that clutches on anything thats spells... Payout 4 U the easy way which also lacks common sense & dignity!!!

Especially with money, making it out of fresh air is only a dream beggars holds deep when sleeping off the sidewalks and living on handouts!!! In reality, making money correctly, as honestly as possible and truthfully by gaining it proudly, does not come in the form of an easy way out... it is a picture the scammers wants to contradict that feasibility, so U R next on their laughing List

If you had spent so much time by now investing with "no returns" from dubious operators, its about time you heed real Investment opportunities that are Legal and transparent and have no difficulty coming through with straight honest details and facts and you get to earn or see profit gains (subject to market trends) and one best area is Real Estate...where real money sees Real income & true payouts in hard cold cash into a Bank Account wherever you so choose after the necessary legal handling & procedures given of course!