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Scam! - Review by Guest | Reliant Life Shares

Reliant Life Shares

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Scam! 3/10/2022

My original complaint from 3/08/2021: I invested $200K in 5 Reliant Life Shares 5 years ago and now I am paying anywhere from 10 to 20 annually to maintain my investment. Since I only receive a fixed $53,200 payout on each $40,000 share I figure I have paid out almost $10,000 for each share so far. And I just received a bill for $7550 for another year of maintenance! There are several online complaints and many state that they can't get their money back as well as being ignored by the company. Update on 3/09/2022: Maintenance fees paid: $2159.07 on 01 April 2020. $3765.35 on 31 Dec 2020. $3571.99 on 01 May 2020. $3918.59 on 10 May 2020. $4198.74 on 06 Jan 2021. $7600.00 on 29 May 2021. $2182.15 on 24 Jun 2021. $4982.51 on 24 Jul 2021. $4510.89 on 20 Jan 2022. $3690.31 on 23 Jan 2021. $3816.63 on 15 Feb 2022. Total paid to date: $44,396.23. This is a scam. They won't return my original investment of $200K. STAY AWAY FROM THIS MONEY PIT!!! more
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Owner response
Owner response 6/22/2022
Reliant and its agents request removal of this review that is libelous per se under California law, in clear violation of Judy’s Book terms of use prohibiting statements that “are libelous or factually inaccurate”, specifically the libelous term “SCAM” which directly implies criminality and has a natural tendency to injure Reliant in its occupation, in violation of California Civil Code §45. All investors know insurance policies require premium payments, demonstrating the libelous nature of the statement. All that you have stated was fully disclosed in writing to you and you signed repeatedly that you understood the basic concept that life insurance requires 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 reserve our rights to bring legal action if required.
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