World Pension Plus ask members to check…

There is a new update from World Pension Plus (WPP) that is asking members to ensure they have updated their details at the Yardas site.

WPP is another Reverse Pension Plan (RPP). This is a scheme where an insurance company will payout on a pension policy ahead of time. So, let’s say you are 40 years of age. You purchase an RPP and once the required number of members have been signed up the funding company will pay you a lump sum. As an example WPP will pay out $80,000 per policy. The policy itself is worth more than that so once it matures the financing company will take the full value. As the number of policy holders will span a wide age range the funding company can predict what level of funding they will receive each year. In the example I’ve quoted above the funding company would have to wait 25 years for the payout whilst you receive part of it now.

The investment per policy does vary between providers but for WPP it is $55. They are also running a special offer where for every policy above 5 you purchase you’ll get 1 free. There is no limit to the number of policies an individual can purchase although there is an age limit for being eligible. Anyone over 66 years old is not able to profit from the RPP but they can still earn referral commissions.

Whilst no-one can predict how long it will take WPP to close they have a significant number of members already.

World Pension Plan edges nearer to closing…

Whilst no-one could say that the remaining Reverse Pension Plans are shooting towards their targets there is some progress being made.

Take the case of World Pension Plan. Their target is 70,000 policy sales and at the moment there are just over 3,500 remaining.

What will you get if you decide to invest? Well, firstly the investment you need to make is not that high, $55 per policy. And for each policy you have you will receive $80,000 in return. You will need to provide some proof of identity but apart from that the whole process is pretty straightforward.

Payment is made via Liberty Reserve and you will receive confirmation once the payment is made.

In an effort to speed up the purchase process there is currently an offer where for every policy purchased above 5 by an individual you would receive an additional one free.

If you want to tell others about World Pension Plan there is an incentive plan that you can join. This provides the necessary referral links that you can send out to others or include as part of an email signature or other marketing method.

Given that the number of policies remaining is relatively small all of the hard work in attracting a critical mass of members has been done and with a fair wind it shouldn’t take too long to close out. For what is a relatively modest outlay World Pension Plan is offering a great return.

World Pension Plus ask members to provide details for Yardas…

All World Pension Plus (WPP) members should receive an email (perhaps even multiple copies!!!) asking them to visit www.yarfin.com so that they can provide their details to speed up the verficiation process when it starts.

The site is actually for Yardas who are the bank involved in the transaction. The details being requested are already on the WPP site so there is nothing sinister going on here. You should however make sure that the information you provide does match what is on the WPP site or they may be problems in the future.

As I’m in the UK the site came up for me fairly quickly and I was able to complete the form without any problems. The email does say that if you have trouble loading the site then leave it and come back later. This may well happen as US members begin their day so don’t be too concerned if you can’t get in straightaway.

Of course WPP is still under something of a cloud given their recent update introducing a new Hapton-Gratsos sourcing fund provider as their website is very new and hosted on the same server as Yardas. That aside I see no reason why completing this latest form should be a problem.

World Pension Plan (WPP) shift the goal posts…

The latest update from the admin of World Pension Plan (WPP) suggests that Reverse Pension Plans (RPP) will carry on from where they were in 2009, unconvincing and seemingly never ending.

I’m somewhat in two minds about this latest update. In brief the financial crisis of 2009 has meant that one of the original partners in the scheme has had to pull out because of differences in interest rates leading to a potential shortfall for the programme period. WPP do say that there is another financial partner lined up but as part of this agreement the number of policies needed to be purchased rises from the current 64,000 to 70,000.

This inevitably leads to further delay and raises once again the question surrounding the viability of Reverse Pension Plans. Already I’ve read commentary on both sides of the argument, one saying that this latest example proves yet again that RPP’s are a scam, the other taking a more optimistic view and saying that at least the admin is giving sound reasons for the change and this doesn’t necessarily mean the end of the opportunity.

Whichever view you take it doesn’t reflect well that more delay is being imposed and further funds sought. The reasons for the change may well be legitimate and if an RPP had already paid out I think the argument may well have been less vocal but it still remains that no RPP has completed successfully to date.

I have one policy with WPP and I’m not going to make any further purchases for myself. Others may see this as a golden opportunity to bolster the number of contracts they have as the admin reports latent demand does exist.

At the moment I believe there are better uses for my funds although I will be only too happy to be proved wrong.

World Pension Plan (WPP) closing soon?

Which Reverse Pension Plan (RPP) is likely to get to the finishing line in first position? Actually the question should probably be which RPP will make payouts first as there is still uncertainty over this issue.

The continuing poor communication is a source of frustration to many and does the providers no real favours.

However, as the end of the year draws ever closer it seems that World Pension Plan (WPP) are making optimistic noises about closing applications and starting the validation process. As other typical RPP’s to become a member you make an investment of $55 per contract. When payouts commence you will receive $80,000 as recompense for waiving any rights to the related pension plan contract.

In an effort to close things out quickly they have an offer where if you purchase 6 contracts or more you will receive a free one for each. Given the small number of reported contracts remaining this should easily be achieved hence the assertion that they may close soon.

As ever nothing with RPP’s is straightforward and it would seem to me that in reality we may have to wait a little longer than logic would tell us before things finally close but there does seem to be an opportunity here to join near to closing.

I have made a single investment at WPP as I wouldn’t want to miss out if it closes shortly but I don’t want to tie up a lot of funds if things drag out. Let’s hope we hear some good news before the noughties are over.