THE PROSPER CLUB is "Phase One" of the PILL programs. The minimum requirement after purchase is sponsoring 2 new members into The Prosper Club. Phase Two, Prosper Leverage, is a $1000 program with an international asset protection trust issued upon payment of the $1000 fee. Details on Phase Two Prosper Leverage is found on p..2 and on www.prospercentral.com.
The Prosper Club compensation plan pays is as follows. Of the $350 you send to PILL, this is how it is allocated:
- $50 for the Freedom ATM Debit Card and the 1000/2000 reports.
- $50 held for entry into Prosper Leverage until the payment of $1000 has been paid and a trust is granted.
- $250 paid to member at level 4 and posted directly to the Freedom Debit Card. This amount increases to $300 once PL requirement is met. That means you receive $1,750 for cycles 1 and 2, and $1,800 and your trust for cycle 3, and $2,100 for each cycle thereafter, as long as you are in The Club. Sponsoring 2 people is the minimum requirement. This is a recycling, 2X3-matrix program where everyone follows his or her sponsor and everyone cycles back in underneath the slowest matrix. Faster movement is achieved by sponsoring more new members!
Visit The Prosper Club web site at www.prospercentral.com.
PROSPER LEVERAGE
An innovative new program that promises to be the greatest marketing program yet with PILL. As in the past the product offered is the PIL trust and the fee for purchase of the trust is $1,000. Of that $1,000, $350 will payout to the sponsor and $350 will payout upline to the first qualified trust holder. The first trust holder sponsored on each level will bypass the sponsor and payout $350 and $350 upline to the first trust holder's that are qualified. Commissions will be available to you as follows; $300 will be available upon posting to the trust and $50 will be held in the trust for the purchase of a certificate of deposit with AvantGuard Bank and Trust. Upon joining PROSPER LEVERAGE for the fee of $1000 you will receive an activated trust with an opening balance of $1. All commissions earned from the PROSPER LEVERAGE program will be deposited to the trust. Once the trust has accumulated a balance of $1,200 the BENEFIT PACKAGE will be purchased for you and the first year's maintenance fees will be paid. Sponsorship of new members is a requirement. If you do not sponsor "new" members, then you won't have an active downline and therefore won't receive any commissions.
How do I qualify on level one?
To qualify for payout on level one you must sponsor new trust holders. Example; you sponsor Jim. The payout for Jim goes upline to the first two members that are qualified. Every member from this point that you directly sponsor pays you $350 and $350 goes upline to the next qualified trust holder.
How do I qualify on subsequent levels?
Let's say you sponsor four new trust holders. Jim, Pat, Tom and Sue. The first trust holder you sponsored, Jim, goes upline and you are paid on the other three. Now Sue sponsors someone. She now becomes your qualifier for level two. As your qualifier for level two all of the persons that Sue sponsors will pay upline and bypass you. This leaves you with three other directly sponsored trust holders. Any new trust holder they sponsor will pay you $350 on level two and $350 will go upline to the first qualified trust holder. This holds true for all levels from this level to infinity. The first person in your downline that sponsors a new trust holder to a new level becomes your qualifier for that level and you are not paid for the persons that they sponsor.
BENEFIT PACKAGE
The BENEFIT PACKAGE consists of a personal bank account at AvantGuard Bank and Trust of Grenada and having a minimum deposit of $1000, a Freedom Credit Card with $500 line of credit and a death benefit.
The death benefit is a decreasing benefit which will return the following amounts to the trust from AvantGuard Bank account dependant on your age at the time of your demise: Under 25- $25,000, 26 to 35- $20,000, 36 to 45- $15,000, 46 to 55- $12,500, 56 to 65- $10,000, 66 to 70- $7500, 71 and over- $5000.
This $1000 is a minimum deposit to maintain the bank account and is held in AvantGuard bank for as long as the trust is active. Upon requesting inactivation and the return of the "Freedom Card" and payment of any outstanding balances the $1000 will be returned to the trust and disbursed to you upon inactivation.
The Trustee pays interest on funds in the trust at the rate of 6% per annum compounded quarterly. To qualify for the interest payment the trust must maintain a minimum balance of $2,000 throughout the entire calendar quarter. The $1000 held by AvantGuard is considered as part of the minimum balance required to qualify, however interest is not paid on these funds.
FOREIGN GRANTOR TRUSTS *
Foreign Grantor Trusts (FGT) are Trusts established by a Settlor in a foreign jurisdiction. For purposes of U.S. taxation, the Settlor cannot be an U.S. citizen, resident or taxpayer. The FGT is created and administered under the laws of Grenada and the Trustees are not located in the U.S. or its possessions. For purposes of U.S. taxation, the assets and profits of the FGT are treated as if owned by and taxed to the Foreign Settlor, and as such should not be subject to U.S. taxation, unless the assets are situated in the United States. In the case where the assets are situated in the U.S., there may be tax consequences.
Benefits
U.S. citizens or residents may transfer money directly to a FGT. There are income tax benefits to the FGT in that non-U.S. citizens and residents are taxed in the U.S. only on income derived from the U.S. that is fixed or determinable such as interest, dividends, rents etc. Non-U.S. citizens are not taxed on capital gains unless the capital gains relates to conduct of a U.S. business or trade or relates to U.S. real property interest. There is no U.S. gift tax applied to gifts of intangible property by non-U.S. citizens or residents.
Costs
A new Foreign Grantor Trust can be established through PIL for the cost of $300. An additional document amendment fee of $25 will apply for existing trusts. These fees can be deducted directly from Trusts or mailed in with a Letter of Wishes requesting a FGT. The Trust documents will be reissued naming the foreign Settlor, and a Power Of Attorney will be provided to the member in order that the member may carry out activities in the name of the Trust.
*Materials condensed from "Offshore Asset Protection & Tax Planning Strategies" by Alan R.Eber, LL.M.
Disclaimer: PIL arranges foreign Settlor services. The member is responsible for and encouraged to seek the advice of Tax Planning professionals to determine whether this service meets his needs.
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