Author Topic: Legacy Consolidated Plans (Read 43394 times)

Oberkommando · « **Reply #136 on:** Mar 24, 2008, 06:26 AM »

Pagka akala ko si Bitster (or asawa) is an agent of Legacy. Kung hindi nga niya masagot yung kanyang mga concerns bakit ko pa siya kukunin na ahente ko. Mukhang wala yata siyang confidence sa ginagawa niya.

GoodSteward · « **Reply #137 on:** Mar 24, 2008, 09:05 AM »

Bitster is agent of cadinal Bank and not Legacy bank if im not mistaken

cjap10 · « **Reply #138 on:** Mar 24, 2008, 09:30 AM »

Hi, Bitster -
Yes, I chose option B. And yes, the bank indeed deposited the interests to my bank account. At one point, there was a delay but my agent followed up to the bank and the following morning, the interest was credited to my account. And I'm really thankful to her because of the fast update!

I did not receive any PDCs because I selected this option so I really have no idea when should the PDCs be released. But I think I read somewhere that banks tell their clients that their PDCs will be released after a week or two. Maybe the waiting period before the release date depends on the bank? It might not be the same in all banks.

About option b or c not being available to you, that might depend on the bank where you are placing your deposit. In my case, I deposited at RBOP Ortigas. I asked if they can have the interests deposited at my bank account and they said yes. And true enough, the interests were credited to my account.

TheProfessor · « **Reply #139 on:** Mar 24, 2008, 10:22 AM »

The question of Bitster and the reply of cjap is not aligned. Bitster's question is on LCPI PNBB while the reply of cjap is on RBOP. That could create confusion to the readers.

Posts should have been brief & concise & direct to the point. Lengthy & technical posts could lead to just that - confusion.

menggay117 · « **Reply #140 on:** Mar 24, 2008, 10:18 PM »

bitster,

i & my brother invested in this PNBB2 1st week of march..we were so surprised & pleased to have the 12 PDCs exactly after a week..maybe you have to follow up thru your agent whenever there's delay in any of your transactions..

one of my friends submitted his application today..i'll post an update if he'll get the same fast result like i had.

Oberkommando · « **Reply #141 on:** Mar 25, 2008, 08:21 AM »

Mabilis talaga yun. Dati, processing takes about 3 weeks. Pero lately about 6 weeks na yung processing ng PDCs.

Bitster · « **Reply #142 on:** Mar 25, 2008, 09:00 PM »

Quote from: cjap10 on Mar 24, 2008, 09:30 AM

Hi, Bitster -
Yes, I chose option B. And yes, the bank indeed deposited the interests to my bank account.

cjap,

This Message Thread is "Re: Legacy Consolidated Plans Inc. (LCPI) " and the Product they offer is a Pre-Needs Pension Plan, with a "Buy-Back" Agreement from Legacy OneCard

Seems you are on the Wrong Thread talking about BANKS!

I just want to find out if indeed ANYONE who invested in the LCPI, product "PNBB2" has been able to select an option
OTHER than a) By PDC's?

I know Option a) seems to work, as my own PNBB2 investments, where I selected Option a), did produce 12 x PDC's, and have already re-invested several of these, since November onwards.

Has anyone had the Installments of the PNBB2, successfully credited to b) their Bank Account, or c) their Pera Agad Card?

All of my wife's clients, who selected Option c) still had PDC's issued to them!

If this is the only way Legacy Consolidated Plans Inc. can operate, then having that option c) is a waste of time?

Why not simply obtain a Pera Agad card (which there doesn't seem to be a problem with), then when your PDC's are issued to you, and the due date comes up - pay it into your Pera Agad Card account?

So if LCPI/OneCard can't come up with a more efficient way to process such options, other than PDC's (and these seem to be taking almost 2 months in my limited experience as a PNBB investor), then REMOVE IT from that "Deed of Assignment" Form?

Here is me thinking this is a Message Thread "Re: Legacy Consolidated Plans Inc. (LCPI) " and the PNBB2 product, and cjap, talks about having the payments made into his Bank Account.

I stupidly thought he was referring to PNBB2 Payment Option b) .

Please IGNORE this Message Post of mine and Option b) or c) of the PNBB2?

I am not aware of Option b) being available, unless anyone here can give evidense otherwise?

From my wife's clients, who elected Option c), 3 clients have had their PNBB2 Installment 'Due Dates' go past and no credit to their Pera Agad Card account.

Since the first of these was 10th March, and LCPI Head Office was given back the PDC's issued to the client, they had nearly 5 weeks up to the Due Date, to make it happen. It is now more than 2 weeks PAST the date he was supposed to have his Pera Agad Card account credited with that 1st Installment.

This is a Discussion Forum, where information and an exchange of thoughts, experiences, and suggestions can take place.

I am not 'blaming anyone', but just asking a Question and giving/relating the Experiences I have had and those of my wife's clients.

OK so I admit I am rather 'puzzled' that LCPI, issued PDC's, then sent to clients, then requested them sent back, when these clients requested payment Option c).

I am then rather 'annoyed' that having returned the PDC of my wifes first client, who went with option c), (after we had persuaded him, about all the benefits of such option)they had 5 weeks to get it credited to his Pera Agad Card.

They failed to do this and it now 2 weeks past the 'Due Date' of that first PDC!

How would YOU feel if that happened to you? What do YOU think of 7 weeks having passed from the RETURN of that PDC, and STILL NO CREDIT of that PDC, to the clients PDC account.

This is why I am suggesting forget Option b) unless anyone can tell me it worked for them?.

I am also suggesting forget Option c), because IT IS NOT WORKING for my wife's clients at least.

Here is a reply just received from one of them:-

Quote

Hi David,

Many thanks to you and your upline for the detailed follow-up. As of 5 minutes ago (Tue, March 25 10:20 am Philippine time), my Pera Agad card had not received the first installment of 52,500 Php.

Hopefully, your concerted efforts there will bear fruit. I'll await an update.

I do hope the efforts of my wife's up-line Managers, and the respective top Management of both LCPI and OneCard take ownership of the problem, and sort it out, and quickly! That Pera Agad Card payment option, did have many advantages for some clients, but it is no good having that payment option, if the 'admin process' does not work with such option!,

Nobody in Legacy top Management seems that concerned, and are not making the effort required to make sure changes are put in place so it does work.

I have sent an e-mail to the President of OneCard and the VP Marketing of Legacy Consolidated Plans Inc., and not even a reply, let alone an appology to my wife's clients, especially that first client of hers, who selected this 'option c)', and is now some 2 weeks past the due date and no payment!

GoodSteward · « **Reply #143 on:** Mar 25, 2008, 10:07 PM »

Bitster, if i get it right, do you mean that the payment system of LCPI and PNBB product is inefficient and DELAYED?

segurista · « **Reply #144 on:** Mar 26, 2008, 06:21 AM »

Bister you can make some investors and potential investors nervous. As far as i know there is no delay payments when it comes to payments of legacy products quarterly or montly via post dated checks but since Bisters clients are mostly foreigners they are not comfortable with the Post dated checks system specially those who are living outside the philippines . Yes this option the pera card is good since there is an 8 percent interest per annum if your interest is credited in this card but take note legacy management is not actively suggesting this and most agents are not aware that this option exist . This is very bad if we hear people not recieving there monthly interest on this one card ....... you must ask you wife since she is your front agent to coordinate with her superiors ...... calling the good Professor

Immediate action must be done since according to bister that it is two weeks past the due date ...... this is not so good news for investors like me if you hear this from a husband of an agent unsatisfied with what is going on are this signs that something not right might happen in the next few months.

Abangan......

Segurista

TheProfessor · « **Reply #145 on:** Mar 26, 2008, 09:03 AM »

A number of people has written me in private & made a comment that the posts in this topic is confusing. I totally agree. As Ive said when things being discussed are technical in nature, things will simply become that - confusing. So as not to make confusing things worse, I will make my comments in bulleted format;

a) There is no problem at all if the option (which is standard) is to receive the pay-out in PDCs. I have currently, 14 accounts and I have several PDCs due monthly, and there's no problem at all. In my personal placements, it takes 6 weeks to get my own PDCs, but I dont have a problem with that.

b) By selecting this Option A, of getting PDCs, this will form part of my "security" or safety net.

c) I personally think only Bitster is making the other options made available. This is because all his clients are foreigners with some as far as Iceland. This PeraAgad option would have made things convenient for those living outside the country. Marketing wise, this would have made Bitster on the advantageous position over the rest of the marketing people.

d) Personally, I dont think the infrastructure to do the other options is in place. This has caused Bitster's problems. Maybe, Bitster would not have insisted in the other options had not it that some people in LCPI guaranteed that the other options can be done.

e) By posting or posing those questions in a forum where not all readers grasp the exact mechanics could only raise eyebrows, as what segurista said, could make some investors or potential investor nervous. It's like shooting oneself in the foot.

I hope I simplified to the barest minimum some issues raised.

AMARANTH · « **Reply #146 on:** Mar 30, 2008, 08:12 AM »

segurista · « **Reply #147 on:** Mar 30, 2008, 08:38 AM »

Amaranth why was it placed here in legacy plans and legacy banks thread do you smell something fishy ?

Is it possible that we will be having another scam on the making .... Watch out for the new legacy dollar investment product it will be launch daw this April

AMARANTH · « **Reply #148 on:** Mar 30, 2008, 08:55 AM »

well.....Giving them something to think of very hard of and that this early get the agents complete info with photos even their entire family that in the event of collapse they can nail their hide to the wall. Also this article serves them as a warning that just because your agent gives you warm friendly service meant you should trust them already as evidenced by this article and that of the long queueof post i the royal mancester five thread scam.

Oberkommando · « **Reply #149 on:** Mar 30, 2008, 11:31 AM »

Alam naman natin mga readers na si Amaranth ay true-blue Anti-Legacy. Pero alam din natin na marami ding agents at marami din ang mga satisfied customers dito sa thread.

What can you expect?