Reverse Pension Plans

I am in seven of these programs. They are an opportunity to risk about $50 and possible make $80,000.



A Short Explanation Of Reverse Pension Programs:

Reverse pension plans are innovative and highly profitable projects initiated and run by venture capitalists – in pre-arranged cooperation with their insurance company and their mortgage company.

To gather a target number of eligible members, the venture capitalists set up a network-marketing operation (for example, Global Pension Plan or Global Connect Pension Plan), offering very generous referral commissions to those who will help get the word out.

When the “Reverse Pension Plan” has reached its' goal number of contracts/members, the venture capitalists will purchase a pension insurance policy on each member which will, of course, mature when the member reaches 67 years of age.

A quick Google search will reveal many entities who are willing to purchase these policies for immediate lump sum payout. This should assure those unfamiliar with endowment policies of their legitimate value. However, Reverse Pension Plan members agree to transfer ownership of their policies to the venture capitalists who purchased them on the members' behalf for a one-time sum.

Then, as each member reaches the age of 67 years, the venture capitalists will collect the full value (about $250,000) of each policy - an assured, substantial, long-term income for them! Also, the cost of the policies, the compensation, and the referral commissions are all tax-deductible business expenses, too.

Additionally, with possession of these policies as collateral, the venture capitalists are eligible for massive loans. This leaves them with plenty to cover cost of the operation – referral commissions and administration . By using the loan to finance the program, they now own a pension policy with a significant value upon maturity.



A More Detailed Explanation Of The Global Pension Plan, In Case You Are Interested...

Here is what some person on the web theorized about how and why it can work:

If you home is fully paid and has an equity of say 300,000, bank would lend you say, 60% on it using the “reverse” mortgage which enables you to draw cash out of your home equity without having to pay monthly payment for the loan. I assume that the monthly payment comes out of the remaining equity in your home over a certain period of time. Consequently, eventually, your entire equity will be eaten away over a period of time, whereby, you will not own the house but the banker will. If you are exiting at the age of 90 or so, this should be okay as long as your next to kin dont object!


Let us say now instead of the home, you have a paid up endowment insurance policy and it has an asset value of $300,000, meaning that upon your death, your next of kin would receive the face value of the policy. If you however, went to a bank and asked to borrow money against it, I understand that the bank would recognize the equity and loan you money at say, 60% of the value in the form of a reverse mortgage. This means there will be no monthly payments but the deemed payments would come out of the remaining equity in the policy until the policy has no value to you. The bank will eventually own the whole policy with its full value or partial value depending on time elapsed, which the bank would realize upon your death since through the process of the reverse mortgage you have assigned the policy to the bank as a progressively reducing collateral. The bank could also sell the policy as a negotiable security in the open market at a discount to realize partial liquidity.



So as I understand it, between the bank and the insurance company, Global Pension Plan appears to have created this ingenious program, whereby:

1. Each member could purchase an endowment life insurance policy with a maturity value of 300,000.
2. Through his/her signature or promisory note, enable the bank to create a reverse mortgage on the policy at 60% of the face value of the insurance. In this case the loan value would be 300,000 x60% =180,000.
3. Part of the loan would go to pay off the insurance premiums which could be say, 80,000, thereby making it a fully paid up policy with a full face value of 300,000.
4. The insurance policy would be assigned to the bank in the form of a progressively reducing collateral without the member having to make any monthly payments.
5. The insurance company would instantly benefit by receiving say, 80,000 x 100,000 members = 8 billion.
6. The bank could realize the value of the insurance policy as each member passes on less the loan amount to be repaid on the outstanding loan. This too would be in billions.
7. Consequently, for each member to receive the $79,000 for ages 28 to 66 or $154,000 for ages 1 to 28 is not unreasonable. The commissions of 3000 per referral paid out are also quite palatable from the loan. The signature of the member on the promissory note should be quite safe as each member has assigned the insurance policy (not his house) as a collateral.
8. The whole process is nothing more than what the banks do to create loans using individual signatures on promissory notes as well as Mortgage backed securities. This is normal banking business done in billions every day and approved legally by the legislatures!!
9. The only difference is that instead of a mortgage on a real property, it is done on the value of the insurance which too has real monetory value.
10. The banks as well as the insurance companies are in need of liquidity. What could be a better method today to create such liquidity than through the process of the Global Pension Plan?
11. Absolutely ingenious. My hats off to Global!
12. I hasten to say that I am no expert and I do not know what the financial industry’s regulations are for such a process. However, what they are doing is no different from what is normally done to issue insurance policies and loans (via reverse mortgages)!
13. So I dont see why it would not work. Keep in mind that all money no matter how many billions, are created as debt out of “thin air”. Consequently, there is plenty of it. Truly, God has abundance for us children. We only have to figure out a system to tap into such abundance. I sense that Global has figured this out ingeniously. My hats off to them.
14. Also in terms of creating inflation by creation of the additional funds, assuming that 100,000 units are paid out say, at $180,000 per unit, results in a payout of say, 18 billion. This translates to $60 per every US resident! I dont think this is going to make a dent in inflation!! So it really does not harm the economy overall by the additional funds in the system. In any case they are matched by valuable equity in the creation of additional value in new insurance policies! So additional dollars in the system are matched by additional assets.

WHERE TO GO FROM HERE?

As far as reverse pension plans, I will refer you to my good friend, Scott Snider, who got me started with all of this, and who loves to help people with RPP's. Email him at ssnider6461@Safe-mail.net, or visit his site at http://www.receptiveincome.info to see the Reverse Pension Plans he and I are in, as well as other programs he offers.

If you want to you can call him at 707 963-4612. If there is no answer there, try him at 707 235 6003.

He will take great pleasure in serving you. He is a most generous, gentle, and open hearted man.