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Worst investment - Review by Guest | Reliant Life Shares

Reliant Life Shares

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Worst investment 11/10/2021

Reliant sold me lifeshares about 5 years ago promising 10 to 12 percent returns or higher. now I am paying them thousands of dollars per year for fees and premiums.When I complained, they said they had a buyer for my contracts but I got nothing. They said the average contract was 5 years, but can't be true because all mine are still intact.They make a ton of money in fees, charging over 3 percent per year.If this sounds good to you, you should buy. more
Owner response
Owner response 6/22/2022
Reliant is not paid 3 percent, or any percentage, of the premiums and trustee fees that are required to maintain the policies, all of which is disclosed in writing and signed off by every investor as full understood. Reliant is paid a fee at the outset only, and you were never informed that Reliant is paid 3 percent by anyone as that is not the business model and never has been. We therefor request removal of this review because it is misleading and erroneous. All investors know insurance policies require premium payments. As you know, Reliant works with some of the largest and most sophisticated financial institutions and insurance carriers in the nation. We will be in further contact with you to discuss this matter in an effort to resolve it and further discuss a transfer of your positions. Historically, Reliant investors have enjoyed double digit returns approaching 16%. The fact that your policies have not yet matured does not mean you will not obtain a competitive return, and your funds have been insulated from current market volatility.
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