Each time a player equips an Equip Spell Card, increase the Life Points of the controller of that Equip Spell Card by 1000 points. Each time an Equip Spell Card is removed from the field, the controller of that Equip Spell Card takes 1000 points of damage.
No you won't I don't think, because continuous cards do not activate their effect if destroyed, such as Burning Land vs Twister where Umi / Yami / Field Spell Card survives if chained by Twister.
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