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Reliant Life Shares, LLC

 Member | 1,937 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

A

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Customer Reviews

based on 2 reviews.

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Complaint Experience

75%

Complaint Resolution Index (CRI)

4 complaints closed in last 3 years.

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Membership Information

proud-member

Proud member since 03/21/2012
This company is a Charter Member of Business Consumer Alliance.

Recent Review

Posted on 5/28/2020

Results consistent with other reviews, suspect scam.

Was assured by salesman that these policies NEVER go over the paid up date, but consistent with the other reviewer, the ones I bought have only resulted in thousands of dollars in premium calls and fees, and no transparency of what this premium call actually goes to. They are about $1000 on each of the $10,000 policies annually. Bye bye returns even IF these are real an do pay someday, this is going negative. I have no evidence there even are any "insureds", It is beginning to look like I put too much faith in some salesman having an "insurance license" and good reviews at BBB. Today I got a certified letter demanding a premium call payment due in 3 days, and the 3rd day is a Sunday, or my position is forfeit. The letter was mailed by them on 20th, received in mail on 28th. I believe it to be in error at any rate according to my records. I called and emailed the office, got a few texts promising a return call to explain what is going on. No info, no call, no email. This is just looking too scammy. I sincerely wished I had never thrown money into this very questionable "investment" that is beginning to look more like a simple con job. My retirement fund is probably gone, hopefully I can save yours. BTW the BBB site was "Unable to save review. Please try submitting the review again." on many attempts to leave a negative review of Reliant. This is getting to smell worse. Thank God for Yelp and Business Consumer Alliance. Now, can we victims get together to pool resources and "Lawyer up"?

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Complaints and Resolutions

Total Amount in Dispute:
$116,027.00

Total Amount Settled:
$116,027.00

Complaint Experience

75%

Complaint Resolution Index (CRI)

BCA's Summary and Analysis:

Our complaint history for this company shows that the company responded to and gave proper consideration to most complaints. However, one or more complaints are unresolved meaning the company failed to properly address the complaint allegations or their response was inadequate.

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Complaint Closing Statistics

4 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
2 Agreed to make an adjustment
0 Refusing to make an adjustment
2 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: Andrew Murphy (CEO)
Business Started: 1/18/2011
Social:
About Reliant Life Shares, LLC

At Reliant Life Shares, we believe what sets us apart from the rest is having the most desirable polices available for our investors. A desirable policy could be a large face amount with low annual premiums, or it could be a policy with a very low Life Expectancy. It could also be a policy that is available at an extremely discounted rate. Whatever the particular case may be, the bottom line is that the best policies offer the best returns for our investors. If our investors earn healthy returns, they will continue to invest with us year after year. The only way to find the most desirable policies available for sale is to review as many policies as practically possible. That is why we review hundreds of millions of dollars worth of life insurance policies each month.

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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:

Brian Clark (Director of Business Development)
Rich Lujan (Business Development Specialist)
Scott Grady (President)
Alma Ramirez (Office Manager)
Heather Gunter (Operations Manager)