Life Shares With Brian Clark – Total Financial Solutions Safer Money Hour – May 16, 2017
Life Shares With Brian Clark – Total Financial Safer Money Hour - May 16, 2017
Hosts: Arif Halaby & Jeff Girard
Topic: Life Shares
Guest: Brian Clark, Director of Business Development at Reliant Life Shares
On this episode of Total Financial Solutions Safer Money Hour, Hosts Arif Halaby and Jeff Girard discuss Life Shares and welcome guest Brian Clark, Director of Business Development at Reliant Life Shares.
We are going to learn about a particular asset class, which many are familiar with, however for many it is misunderstood, Arif said.
“What we do is something unique,” said guest Brian Clark of Reliant Life Shares. “We bring Institutional Profitability to the individual investor. And what we center around is an investment called fractional life settlements.”
Many are unaware of this investment due to the fact that those that have used this investment historically have been the big investors of the world the big institutions. The individual investor can benefit from this form of investment and that is what Reliant Life Shares focuses on.
Previous Episode: Mortgage Tips – Total Financial Solutions Safer Money Hour – May 9, 2017
“What I’ve learn in the financial industry is that when a financial product is created and named, that every part of the name has meaning,” Girard said. “When we talk about fractional life shares or settlements what does that mean?”
Are we buying a life insurance policy?
What we do at the end of the day is buying life insurance policies from seniors who no longer need them, want them or no longer can afford them, Clark said. Then we open up investment into those policies to individual investors on a fractional basis. The term life settlement is industry code for the sale of an unwanted, unaffordable or unneeded life insurance policy.
Many individual investors cannot purchase the whole policy so we at Reliant Life Shares allow them to purchase a piece or fraction of the policy. This allows allows the investor to purchase or have a fraction of multiple policies and allows for diversification.
Total Financial Solutions offers assistance with preparing for retirement and financial planning in Santa Clarita and the surrounding valleys. Santa Clarita financial advisor Arif M. Halaby, a Certified Estate Planner, and Total Financial Solutions staff work with people of all ages, helping them protect, grow and preserve their assets through an individualized approach. Arif Halaby is also the host of “Total Financial Solutions Safer Money Hour” on KHTS AM-1220. Launched in 2004, the show offers listeners from Santa Clarita financial planning tips and guidance for dealing with today’s ever-changing financial needs.