Global Pension Plan

Originally Posted by Unregistered

Everyone,

I'd like to know one thing! Is there ANYONE who asked for a refund around? Let me say this... The only reason why anyone would want a refund is because they did not believe in GPP. Taking this into consideration (If it was true, and it isn't), this would lead me to think that there were a whole lot of people who did not believe in this scam! SCAM!

Now on the other hand, why would anyone want a refund... This $40.00 when they couold instead receive their 55K at what will/would/should end up being around the same time?!?! SCAM!

Now I think that it would not be good business practice to worry so much about people leaving GPP as much as the investors who gave their funds. SCAM!

Seems that she has not addressed thier status huh? Well because she can't think of good enough of a lie...just yet... SCAM!

Although that nonsense about waiting on some information from others to complete this transfer (OR should I say awaiting further information to begin the second portion of this scam being ID thieft), I'm not amused that they would still consider (even liying about) not taking action on our behalf... Just waiting around! SCAM!

Thank you for our patience!!! Are you kidding! No one left here has an patience left! These good people have been waiting since October. SURELY since January. Only to be lied to month after month after month! SCAM!

Ok... Now (even if this were true), it seems that she had no problem in processing those new policies huh?

Questions:

1) what are the new policy holders getting promised? When should they get a payout?
2) What's the deal with the passwords! Why don't YOU send out the new passwords or what have you! GPP is the one who had the screw up! Proper business practices would have the company immediately contacting every individual through email the process for effecting a change.

Why don't we jsut write you and we'll let you kn.... Wait a minute We can't write you... There is no address! OK.. then we'll just call you and.... Wait a minute there is no phone number... All right, I guess we'll have to email you at some free email address. Yea, a BILLION DOLLAR busness! RIGHT!

My friends,
Again, lets get the word out to other friends or anyone else who may consider this SCAM as a possible investment. Explain to them that they have been stealing money for well over 2 years. Ask about a RPP that has paid out!
Our buddy over here states something about an RPP that has paid! Seems that he has not named it though. Sounds suspicious. No, it sounds like a LIE!

Oh yea, another good one, there is supposed to be some agency or group that suppsedly found GPP to be a vaild company.... Ha Ha Ha Ha!!! Did you all note that the name was not given as to who it is!!! Ha Ha Ha!!!

My friends,
I can only hope that these scammers get caught! Only a matter of time... They seem to have lots of it. Surely the can let us "just wait"!

MikeCheck

You are SO stupid mike ... time will tell you how stupid you are ..

Originally Posted by Unregistered

You are SO stupid mike ... time will tell you how stupid you are ..

But he's still smarter than anyone who believes in GPP.

Originally Posted by Unregistered

I can only suppose you, MikeCheck [Lynndel R Edgington] (Eagle Research Associates) are going to throw on your Superman Cape and save the day for everyone?
BTW - What does your wife Joan do with all those Non-Profit Donation monies?

Well, I'm not Lynndel, but I'm glad that there is someone out there who cas see through these scams!

Tell you what... Why don't you tell us all about Stella's children's fund.... Something like that ... Bread for children... Some scam... I know that things like stealing money is bad, but to take food out of a child's mouth is just low.

If you don't remember that, just ask and I'll pull it up!

MikeCheck

What interesting reading. The information provided by the Trust that is supposedly behind GPP says more about this than anything they did say. But taking their statements at face value, and assuming they are true, I discussed this with a very dear friend to get his thoughts and opinions. Since he is the CEO of one of the top 5 insurance companies in the world, I value his opinion. After reviewing the information provided by Stella regarding GPP, he had me talk with 3 of his senior staff who handle pension plans, endowment plans and the actuarial department.

First, GPP is in violation of the Federal Trade Commission's Truth in Advertising. They are promoting this as a pension plan, when in effect it cannot be a pension plan. So they are using false advertising in using the term pension plan. Even using the right terminology of it being an endowment policy, what they claim they will do with these policies cannot be done. And here's the most important reason as to why they can't:

For them to borrow 60% of the policies face amount, and then pay out the amounts they claim for referral bonuses, amount to the member, and the plan's total premiums costs; they would have to have 3 times the number of policies issued below the age of 40, than those over 40 for the average premium they quote to even be close to being accurate. The plan makes no provision for this to be done. The cost of the paid up premium for a person over the age of 50 far exceeds the loan amount needed to pay the premiums and bonus, let alone the $55,000. The closer you get to 60, the paid up premiums are more than the 60% loan amount. For a 60 year old, the paid up premium would be approximately $180,000 - $183,000 for a $200,000 policy. Anyone over 64 the cost would almost be the same as the policy amount, thus they would not issue a policy. Would you pay $195,000 to receive $200,000 in a year? A far cry from the $41,000 average they provide. So who makes up the difference? Yes, there are TEP's bought and sold, but they are few in number, and in today's economic climate even they are not being purchased. The return is not worth the cost. Now I was given a lot more reasons why this cannot be done, but due to their technical nature, I'm not even sure I could explain it correctly, or if any lay person would understand it.

Not only that, but these policies are regulated, and must be registered by the Insurance authorities in every country they are sold. Since these are not your standard endowment policies (GPP says so), they have to be approved by the insurance authorities in every country they are going to be sold. This has not been done by GPP, by any Trust, by any Broker, or by any insurance company.

Actually he almost fell off his chair laughing when I told him there were no names, addresses, contact information for anyone involved in this except for a cheap website, and a contact person with an anonymous E-mail address. If I hadn't been his friend, he would have thrown me out of his office.

Now for any of you who still believe GPP is real, I wish you well. You are in for a very disappointing outcome.

Punky G (chicosan) still believes........but then he believes in everything.SI,Pips and a host of other failures.

Originally Posted by Unregistered

What interesting reading. The information provided by the Trust that is supposedly behind GPP says more about this than anything they did say. But taking their statements at face value, and assuming they are true, I discussed this with a very dear friend to get his thoughts and opinions. Since he is the CEO of one of the top 5 insurance companies in the world, I value his opinion. After reviewing the information provided by Stella regarding GPP, he had me talk with 3 of his senior staff who handle pension plans, endowment plans and the actuarial department.

First, GPP is in violation of the Federal Trade Commission's Truth in Advertising. They are promoting this as a pension plan, when in effect it cannot be a pension plan. So they are using false advertising in using the term pension plan. Even using the right terminology of it being an endowment policy, what they claim they will do with these policies cannot be done. And here's the most important reason as to why they can't:

For them to borrow 60% of the policies face amount, and then pay out the amounts they claim for referral bonuses, amount to the member, and the plan's total premiums costs; they would have to have 3 times the number of policies issued below the age of 40, than those over 40 for the average premium they quote to even be close to being accurate. The plan makes no provision for this to be done. The cost of the paid up premium for a person over the age of 50 far exceeds the loan amount needed to pay the premiums and bonus, let alone the $55,000. The closer you get to 60, the paid up premiums are more than the 60% loan amount. For a 60 year old, the paid up premium would be approximately $180,000 - $183,000 for a $200,000 policy. Anyone over 64 the cost would almost be the same as the policy amount, thus they would not issue a policy. Would you pay $195,000 to receive $200,000 in a year? A far cry from the $41,000 average they provide. So who makes up the difference? Yes, there are TEP's bought and sold, but they are few in number, and in today's economic climate even they are not being purchased. The return is not worth the cost. Now I was given a lot more reasons why this cannot be done, but due to their technical nature, I'm not even sure I could explain it correctly, or if any lay person would understand it.

Not only that, but these policies are regulated, and must be registered by the Insurance authorities in every country they are sold. Since these are not your standard endowment policies (GPP says so), they have to be approved by the insurance authorities in every country they are going to be sold. This has not been done by GPP, by any Trust, by any Broker, or by any insurance company.

Actually he almost fell off his chair laughing when I told him there were no names, addresses, contact information for anyone involved in this except for a cheap website, and a contact person with an anonymous E-mail address. If I hadn't been his friend, he would have thrown me out of his office.

Now for any of you who still believe GPP is real, I wish you well. You are in for a very disappointing outcome.

I have got to say that this is an excellent write up! Excellent!

This should surely disway anyone from throwing their money away!

As far as I can see these clowns saying that thiswill pay out is involved in this scam! They surely cannot be as dense as to think that this would work

If you'll note, they have not provided any information (AT ALL) on how this would work! Nothing.

For example, has anyone ever noticed that there has NEVER been a good explanation on how this would work!!!!!!!!!!!!! NEVER Stella, the cheerleaders or whoever has NEVER provided an answer. I dare them to use an example using numbers to show us!

This is a SCAM and nothing more than a SCAM!

The scammers know this. Note the hilarious responses that are given to me for example!

MikeCheck

Originally Posted by Unregistered

Well, I'm not Lynndel, but I'm glad that there is someone out there who cas see through these scams!

Tell you what... Why don't you tell us all about Stella's children's fund.... Something like that ... Bread for children... Some scam... I know that things like stealing money is bad, but to take food out of a child's mouth is just low.

If you don't remember that, just ask and I'll pull it up!

MikeCheck

So you're not a right-wing wacko christian fundamentalist?

But we still have to listen to a con try and con the cons.

Originally Posted by Unregistered

So you're not a right-wing wacko christian fundamentalist?

But we still have to listen to a con try and con the cons.

Ah, the delusional trying to sound rational. What the heck does this have to do with GPP?

I have visited the site, and I fail to see how you can come up with saying it is a right-wing wacko Christian fundamentalist site. Unlike the rhetoric on this and other sites based on opinions, this site is backed up with facts. So please provide specific examples to support your inane statement, or are you upset they have been successful in working with others in shutting down some major scams?

Originally Posted by Unregistered

What interesting reading. The information provided by the Trust that is supposedly behind GPP says more about this than anything they did say. But taking their statements at face value, and assuming they are true, I discussed this with a very dear friend to get his thoughts and opinions. Since he is the CEO of one of the top 5 insurance companies in the world, I value his opinion. After reviewing the information provided by Stella regarding GPP, he had me talk with 3 of his senior staff who handle pension plans, endowment plans and the actuarial department.

First, GPP is in violation of the Federal Trade Commission's Truth in Advertising. They are promoting this as a pension plan, when in effect it cannot be a pension plan. So they are using false advertising in using the term pension plan. Even using the right terminology of it being an endowment policy, what they claim they will do with these policies cannot be done. And here's the most important reason as to why they can't:

For them to borrow 60% of the policies face amount, and then pay out the amounts they claim for referral bonuses, amount to the member, and the plan's total premiums costs; they would have to have 3 times the number of policies issued below the age of 40, than those over 40 for the average premium they quote to even be close to being accurate. The plan makes no provision for this to be done. The cost of the paid up premium for a person over the age of 50 far exceeds the loan amount needed to pay the premiums and bonus, let alone the $55,000. The closer you get to 60, the paid up premiums are more than the 60% loan amount. For a 60 year old, the paid up premium would be approximately $180,000 - $183,000 for a $200,000 policy. Anyone over 64 the cost would almost be the same as the policy amount, thus they would not issue a policy. Would you pay $195,000 to receive $200,000 in a year? A far cry from the $41,000 average they provide. So who makes up the difference? Yes, there are TEP's bought and sold, but they are few in number, and in today's economic climate even they are not being purchased. The return is not worth the cost. Now I was given a lot more reasons why this cannot be done, but due to their technical nature, I'm not even sure I could explain it correctly, or if any lay person would understand it.

Not only that, but these policies are regulated, and must be registered by the Insurance authorities in every country they are sold. Since these are not your standard endowment policies (GPP says so), they have to be approved by the insurance authorities in every country they are going to be sold. This has not been done by GPP, by any Trust, by any Broker, or by any insurance company.

Actually he almost fell off his chair laughing when I told him there were no names, addresses, contact information for anyone involved in this except for a cheap website, and a contact person with an anonymous E-mail address. If I hadn't been his friend, he would have thrown me out of his office.

Now for any of you who still believe GPP is real, I wish you well. You are in for a very disappointing outcome.

Despite this excellent post,some still believe in get rich quick schemes. They will never learn.

Originally Posted by Unregistered

Despite this excellent post,some still believe in get rich quick schemes. They will never learn.

Another example of LynnRE playing games and patting himself on the back for a great post.

Get a life!