Reverse Pension Plans

Pension Insurance Basics (as shown on relevant sites)
In principle, there are three avenues from which to choose in order to be paid from a pension insurance:

1. You pay a monthly premium for your insurance. According to the expiry of the policy, you will be paid either in monthly installments or by a one-time payment. This monthly payment depends on the age of the purchaser (or the year in which the policy was purchased), and also depends on the kind of insurance it is. Every insurance company follows forms.
2. You pay a monthly contribution (premium) to your pension insurance. After a number of years, a need arises causing you to want to make a bank loan using your insurance policy as collateral. You ask your banker for this loan and the bank then takes your insurance policy as collateral and you are given the loan according to the accumulated value of your policy. For example, your policy has a face value of 300,000.00 USD. Over the years you have been paying into your policy, it has accrued a value of 10,000.00 USD. You still must continue to pay the monthly premiums and now you must pay the bank interest and principle on your loan as well.
3. You make a one-time payment of a certain percent, e.g. 30%, of the face value of your insurance policy. Then you have to wait until the end of your policy period in order to get the benefit, either a substantial monthly payment or a substantial one-time payment. This kind of policy must be started early in your life as the more the time spread between the initial purchase and the disbursement, the more value will be accrued; likewise, the less the time spread, the less the value will be accrued.

Reverse Pension Plan - How it works
Each RPP has been documented much better than i can explain here, so here are the links to the ones i trust and have joined

• Pension World Wide ( PWW )
• Global Pension Plan ( GPP )
• Human Capital Insurance ( HCI25) - referrer : gaby
  

The basic concept is that you are issued an insurance policy which they pay for. You get a hefty sum as compensation for turning the pension over to them for further use. At the time the policy expires they collect the full value of it.
So everyone is in profit.