I haven't seen an advertisement for this in this forum so I am posting one now.

If you are looking for a "make-money-fast" scheme, stop reading. If you are looking for a really substantial return for a small membership fee and a commitment to prove with verifiable documents that you are who you say you are, read on.

Global Pension Plan is the program, and it works according to the following general principles.

1. You pay a membership fee of €30
2. The company/program managers take out an insurance policy on you (and all other members, individually) to the value of €200,000 on your retirement. It's called an endowment policy in some countries
3. You "sell" the policy back to the company for a sum less than its face value, but which is a considerable quantity more than if you bought one yourself, and surrendered it before you reach age 65/66/67 or whatever the age of the policy. They have mortgaged 60% of it to the value of €120,000. Of this, You receive €55,000. The rest is distributed across the premiums and the €2,000 bonus for EVERY signup you get, down to 12 levels. Your obligation is to provide your ID papers as requested (Driver's licence, passport or some other government photo-ID) when the program closes.
4. The company/program cashes in each of these policies as each person reaches the age of policy expiry, ensuring a substantial income for years to come.
5. The company/program has already had to borrow money to pay you, and the premium, on the policy so they don't get the total value either, when its cashed in... but they do make more than you do (around €8 billion all up), which they should, for all the research and risk they take.

I think its worth the risk, as I said its €30 (or $38.15US) to start up, for a potential huge return. The program will close when membership reaches 100,000 (its currently approaching 41,000). Closure is currently expected to be around August/September, but with the exponential nature of programs with referral bonuses, it could happen much sooner.

All I can say is: take a look, and join if you think it might be worth the wait.

http://www.globalpensionplan.net/?id=gordyboz

(this is the ID of someone in my downline... if anyone joins under them, please let me know RIGHT away because I'll change the link to yours..unless you are beyond my level 12.. gordy is at my 3)

I really don't get how this works. I emailed them before but they didn't exactly explain it in detail. The woman who replied said it was like taking out a 60% mortage...or something. I really couldn't grasp how they can afford to pay so much out.

And it's odd that I could claim €55,000 when I haven't even finished college yet!

Can you explain where all the money comes from?

I've explained it briefly above. The people running this show, a group of businessmen, mortgage 60% of the face value of the policy, and they pay us from that. Once we have been paid, all of our claim on the policy reverts to them and they can cash it in for 200,000. They have to repay 120,000 (55,000 to us, each. 41,000 for the premium on the policy, and an allowance of 24,000 for bonuses which multiplied by 100,000 comes to a total of 2.4Billion which is distributed as the bonuses to those who have introduced new people (this is where the benefit is for those who are already too old to have the policy... ppl over 66). After all that they are left with a profit of 80,000... per person.

It is explained well at the GPP site, but what you have to understand is that its not the same as money in a bank. Its like... if you were to take out an endowment policy for your retirement and pay so much every year in order to claim a larger sum when you retire (at 65 or whenever you state, for the insurance company), the money comes from somewhere.. the company has invested what you put in over the years and so forth to allow a sum to be paid to you at retirement. GPP has a way of shortcutting for us, but not for themselves. But their returns will be over a longer period of time. Ours will be a one-off payment.

really I cant under stand this.

thanks monsieur

me too.I don't join such sites...I hope that most of you don't do it too :)

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Has anyone heard how this program is going? I heard it was supposed to pay out in September 2007? I would really like to know.

yeah..... plizz sent proof payment here please..
if is true maybe i'll join under you

Its getting close. They have reached the target of 100,000 members but unfortunately some have not completed their profiles properly and without that, cannot be included. So they (GPP) are taking additional signups, but not for an indefinite period.

I don't think it will be long before they close the program entirely.