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Reliant Life Shares, LLC

  2,705 inquiries |
Other Investment Companies and Services

15260 Ventura Blvd Suite 1420
Sherman Oaks, CA 91403
| Get Directions

(818) 788-1904

http://www.reliantlifeshares.c...

Monday to Friday - 8:00AM to 5:00PM.

Company Rating

C

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Customer Reviews

based on 2 reviews.

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Complaint Experience

25%

Complaint Resolution Index (CRI)

16 complaints closed in last 3 years.

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Membership Information

This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.

Recent Review

Posted on 5/28/2020

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Complaints and Resolutions

Total Amount in Dispute:
$1,354,156.00

Total Amount Settled:
$0.00

Complaint Experience

25%

Complaint Resolution Index (CRI)

BCA's Summary and Analysis:

Complainants allege they were misinformed about the policies and how they mature or are paid out. Based on the misrepresentations made by the sales representatives and brokers, customers requested to get their money back. Additionally, they are unable to reach the company. The company will not return phone calls or make contact.

The company responded to a few complaints by explaining they use three different estimates from independent labs to provide actuarial life expectancy estimates; referred to the facts that are provided as well as disclosures to the investor prior to purchase; offer projection sheets to show the potential returns by year, explained that some policies mature earlier than others, or offered further education regarding how the process works. Most of the responses indicate in part that Reliant works with thousands of investors through investor agents and financial advisors. Each investor, in Disclosure Statements, Expectancy Reports, Premium and Rate of Return Forecasts, and Purchase Agreements, approves and acknowledges in writing the characteristics of the investment including rates of return, future premium obligations, and life expectancies, among other subjects. Reliant is committed to work with investors and communicate as effectively as possible directly and via the trustee and policy service provider partners.

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Complaint Closing Statistics

16 complaints against Reliant Life Shares, LLC closed in last 3 years.
Complaints Type of response
0 Making a full refund, as the consumer requested
0 Making a partial refund
3 Agreed to make an adjustment
1 Refusing to make an adjustment
12 Refuse to adjust, relying on terms of agreement
0 Unanswered

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Other Information

Company Info

We provide investing in fractional life settlements services. We are introducing a brand new class of investments never before available to individuals that can maximize profit without the risks of the stock market.

Primary Contact: Scott Grady (President)
Business Started: 1/18/2011
Social:

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Licensing

We know of no licensing or registration requirement for companies engaged in this company's stated type of business.

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Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

We have no further comment about this company's business practices or analysis of its offer that may assist you in your consideration of this company.

Other Considerations

We know of no other matter or practice relating to this company that may assist you in your consideration of this company.

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Additional Info

DBAs:
There are no additional DBAs.

Websites:
There are no additional web sites.

Contacts:

Alma Ramirez (Office Manager)
Heather Gunter (Operations Manager)
Alexandra Grady (Marketing Director)
Jessica Jimenez (Operations Assistant)
Nina Estrella (Controller)