It seems that one Reverse Pension Plan (RPP) has been quietly attracting members and will close shortly. The Global Connect Pension Plan requires 10,000 members and the latest update suggests that there are in the region of only 500 policies left.

With a payout of $72,000 per policy the return is in line with many other similar schemes. Each policy costs $40 and can be bought with Liberty Reserve or Perfect Money. There is an offer on currently where for every two policies you buy you will receive another free. Each individual can purchase a maximum of six policies so with the offer will receive nine.

Once you make a payment it will be checked manually so there may be a day or two for you to wait to get confirmation (however, in my case it was done within a few hours).

Sign-up is easy and once that is done you can make your payments. As with all such schemes it is highly recommended that you take copies of all payments to avoid any confusion later on.

Global Connect appear to be efficient and responsive and given the low number of policies remaining it would be a good idea to join as soon as possible if this sounds right for you. As long as you are younger than 68 and are able to send in the signed agreement before 01 August 2009 you will be eligible to take part.

I must admit the Global Connect opportunity was something of a new one for me, however, it is recommended by trustworthy resources so I have decided to participate, let's see how things develop.