Global Pension Plan

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!

Originally Posted by countrytec

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

Get a life!

Unfortunately, yes. There's nothing wrong with his project, Eagle Research Associates, although there is no information there that is not already widely available. But his use of pseudonyms, Eagle One, Two and Lynnre plus his constant lauding of his own postings, damages his credibility.
You would expect such an upright citizen to be more honest.

Originally Posted by countrytec

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

Get a life!

No my Friend,

I'll pat him on the back for the excellent info THAT CONTAINS FACTS, unlike anything else that I've seen to prove that this is a valid company...

MikeCheck

Originally Posted by Unregistered

Unfortunately, yes. There's nothing wrong with his project, Eagle Research Associates, although there is no information there that is not already widely available. But his use of pseudonyms, Eagle One, Two and Lynnre plus his constant lauding of his own postings, damages his credibility.
You would expect such an upright citizen to be more honest.

Are you kidding!!! I totally mean, that you have to be kidding! Are you saying something about there is not INFORMATION! I've seen nothing but! At the same time, the information is out about GPP and people are still entering this SCAM. I think that there is nothing wrong with further exposure on this scam in any venue!

Honesty is spoken of... You'd call GPP honest! An honest company would not veil themselves in secrecy, and try to keep such a great program under wraps! Any one TELL ME WHAT SENSE THAT MAKES!!!!

Damaging credibility! That has got to be a joke! If he said that he was Santa, the truth would still be the truth!

MikeCheck

I think all the eagles, lynnre, and mikecheck are all the same person. Most likely, even JH and his ilk are alter egos, too.

From all I've seen, "they" couldn't come up with a "fact" if it flew up and bit "them" on the nose.