No Banking Solution - What to DO. 67 Y.OLD + ?

No Banking Solution - What to DO

* ARE YOU AGE 67 or OLDER?
* FOR ALL - the payout will go to your specified choice

there is no banking solution from PWW's side.
Every client of PWW has to provide his/her own bank acccount.

I suppose before it comes to payout from PWW most of the people should have their payout from GPP. This includes a bank account.


Concerning the older people, please use the following information:


For information purposes only!

It is possible for a person over the age limit to benefit.

The person that is over the age limit is entered in the contract of the replacement person under the second line in the profile: company

The original account holder keeps his/hers e-mail address in the profile.

As the replacement person for the contract is most likely already a PWW member he/she needs to verify for this extra account as well.

That means that the replacement person is the insured person, however, the payout goes to the original account holder in the company line.

Under "My Accounts", PWW collects all contracts with the same e-mail address and birthday, and that is why you need to use a different e-mail address (the one for the original account holder)

More will be clear when we get the yet unknown contract form.

In any case, the receiver needs a bank account in his name at a bank that can receive bigger amounts.

Instead of a single person, you can also enter a company, LLC, Trust etc. in the "company" fieldbox on the profile.

This is also good if the contract is in the name of a minor, and the parent/guardian is managing the money.

Both parties have to be verified in this case.