This interview is extracted in its entirety from the Team Blog at http://teamthemco.wordpress.com/ and was conducted via e-mail by a website monitoring internet based investments, prior to the announcement of the 31st of August deadline and has been forwarded to us by one of our team leaders. Stella provides the online support for Global Pension Plan. Please remember Stella  is Finnish and therefore English is not her first language.

Sunday, April 08, 2007

Interview with Stella: Questions and Answers

I am very happy with the efficient support system Global Pension Plan has in place. I sent the following questions to Stella at Support, which were answered very quickly (and on the weekend, too):

Q: Who runs the Global Pension Plan?
A: I am not sure if you are aware of that Global Pension Plan is run by the Trust Partner and through a trust (Anstalt) registered in Liechtenstein. The originator consists of five European businessmen, who have experience from similar business dealings but on a smaller scale. I met with members of the Trust Partner as well as the manager of the insurance company involved before I decided to step in and start working for them.

Q: Do you anticipate any difficulties with this Program?
A: To stay alive, we must keep a low profile and stay together. We have met difficulties, like SPAM and DDoS attacks, but all of them have been beaten successfully! It’s normal to experience attacks from naysayers who want to destroy something extraordinary. But because of a professional online presence plan, we are still available for the general public.

Q: What does the Trust Partner pay in this Program?
A: The Trust Partner pays about €4 - €5 per every new member in addition to the membership fee of €30 EUR out of it’s own pocket currently. So please understand the collected membership fees of $3,5M is actually - €450,000 for them. They decided to set the fee to €30 EUR to show some goodwill, but also because €40 would have been too much for most of the people.

Q: Can you give us any sort of time frame with respect when you might meet your 100,000 member target?
A: To be honest, it’s pretty difficult to give you any time-frame the program will be completed, as it depends on the activity of our members. It may take 3, 6 or 9 months.

Q: Once the target membership has been met, when will payout happen?
A: Once the target of 100,000 members has been achieved, the payout will happen in about two months.

Q: How will the funds be paid out?
A: The funds will be paid out all at once. The Trust Partner won’t use e-gold or any other e-currency for the payouts, as the amount is way too high for them to handle. Right now they are working on a complete online banking solution which will offered for the members, so it looks like the anticipated debit card is replaced. I will keep members updated!

Q: To confirm, the maximum age to join the program is 66 and there is no minimum age?
A: You are right, we don’t have a maximum age to join the program. However, people older than 66 won’t qualify for the Compensation of €55,000, but can still earn via the Loyalty Program.

QUESTION: “I read your newsletter today and the program Global Pension Plan caught my eye. I did some research on this program and they state that started this program on May 23rd of 2005, but I did a domain search on them and it is posted below. This domain search states that this website was created on October 21st 2005 and is also protected so nobody can see who created this website. This looks a little fishy. I would be glad to pay €30. for a shot at this return, but would you ask them about this first! Thank You.” - Ted

ANSWER: The program was launched on the 23rd of May 2005, but we used a different domain extension back then (.com instead of .net). Because of a huge and time-taking DDoS attack last summer and autumn we never got the .com back up and running, so we decided to go for a new extension.

Please ask Ted to do a domain search for globalpensionplan.com to feel more confident (the info should be still available).

I hope this helps!

Regards,
Stella”

QUESTION: “HI, I was reading up on that global pension deal. Are you comfortable with that? I mean I came across a good point–They issue these polices in our name? And then mortgage them. Scary but in the end who could wind up having to pay these mortgages? Just a thought.” – Mark

ANSWER: “That’s a very good question Mark asked you! Actually he’s the first one asking “me” the question, but I am sure he’s not the first one to think about it!

Once the program has been closed, the pension policy is issued in member’s name. At this stage the policy is not active as the Trust Partner hasn’t paid the premium just yet. Now the member is asked to sign the sales contract so that all the liabilities, and benefits too, concerning the policy can be transferred in Trust Partner’s name. At this stage they own the future benefits of the agreement, thus the mortgaging is possible.

Once the policy has been mortgaged, the Trust Partner is the debtor, not the member the policy has been bought from. Next step is the funds will be released for the Trust Partner and they start taking care of the expenses the pension policy has created, one of them is to pay the member the Compensation of €55,000.

As I don’t speak “lawyer”, explaining the procedure using the exact terms is impossible. Before the members are asked to sign any agreements, the lawyers the Trust Partner cooperate with will create the most “common-man friendly” (easy to understand, legalese-free) documents and instructions too for the perusal of the members, and probably for their own lawyers too. No one is forced to sign anything if he/she isn’t comfortable with it.”

QUESTION: Can somebody who is about to turn 67 in a few days still join the program and receive the €55,000. compensation after the membership has been reached and the program closed?

Answer: The member must be under 67 years old when he/she signs the documents (once the program has been closed). So, if someone turns 67 before the documents are signed, unfortunately they will not qualify for the €55,000 Compensation.

QUESTION: How can the policies be mortgaged if they are not paid for yet?

Answer: This is possible because the premiums haven’t been paid for yet. Both the insurance company and one of the mortgaging financial institutions are owned by the same company. Thus the mortgaging institution doesn’t have a risk of any kind as they can play by the rules of the house and have control over the monetary issues all the time.

Calculations:
Pension insurance maturity value:	€200,000
The percentage of the mortgage:	60%
Liquid cash available after the mortgage:	€120,000
Policy premium	€41,000
Compensation	€55,000
Loyalty Program Rewards – €2,000 per level X12 levels	€24,000
TOTAL	€120,000

This is a very exciting concept and once GPP have built up their member base to just 100,000, they will close this opportunity to the general public, therefore, if you are interested, I would “suggest” you ask yourself and all your family, friends and acquaintances the question, Would you be willing to risk just €30. EUR for the opportunity to earn back €55,000 (or possibly much more)? Many people spend more than this on their weekly lottery tickets!

For my money, when GPP makes this plan happen, a one time payment of just €30. EUR in exchange for the opportunity to earn a Pension return of €55,000., and more through their Loyalty Program, I don’t think you can go too far wrong and the sooner the membership goal is reached, the sooner we will all earn our “€55,000. pensions”.

This will really start to snowball quickly once you tell your friends and family, who tell their friends and family…..and on and on it grows!

We received this information from a TeamTHEMCO member and raised this concern with Stella of GPP Support.

” Another reverse pension plan, PWW, which I also had subscribed to has just had to suspend taking any more people - they were around a third of the way through but growing very fast due to people buying multiple contracts.  They were expecting to close at the end of June because an investor had agreed to pay for the remaining contracts. 

The reason for suspending everything is because of something to do with the “insurance controllers” who have said they will not allow applications from any of the members.  The Trust Partners of PWW, are going to try to talk to them again and hope they will be able to change their minds but they may not be successful. 

If these insurance controllers also have a say in GPP, then we may have the same problem.”

We received this reply from Stella which we find very comforting. This is the first time that she has specifically confirmed the the previous financial transactions undertaken by the Trust Partners, was indeed an identical format, undertaken with the same Insurance Company. We feel that this is a significant statement.

” The jurisdiction in which our co-operating insurance company is located doesn’t have these so called “insurance controllers” and the legislation
allows worldwide commerce of insurance policies.

The Trust Partner has done these deals with smaller, but still international clientele before and with this same licensed and registered insurance company without any problems from the Big Brother’s side.” 

Please remember Stella  is Finnish and therefore English is not her first language.