The life insurance industry has a standardized pricing system called the Commissioners Standard Ordinary Mortality Rates (CSO). The most recent study was conducted in 2001. Prior to this study, the last prices were calculated in 1980.
“Over this 20 year gap, the table represents a 30 percent reduction in policyholder cost,” said Greg Taylor, Founder and CEO of Legacy Retirement Group, LLC. “This reduction could be even higher depending on when your policy was put in place.”
Taylor informs that while the study was done in 1980, the lower prices were not implemented until 1988. Policyholders that bought insurance during the lapsed time period may actually be paying an even higher rate.
“Bottom line, there are a lot of policies that are priced better in the market,” said Taylor. “The best way to ensure against over paying or getting less than you’ve paid foris to get a life insurance policy review completed by a knowledgeable advisor.”
For more information on how Greg Taylor can help, please visit www.legacyretirementgroup.com.
For media inquiries only, please contact Jenn Horner at Jennifer@dnagency.com.
About Greg Taylor:
Greg Taylor is commonly referred to as the “retirement coach,” and has been serving and educating retirees for over a quarter of a century. In 1994, he founded Legacy Retirement Group, LLC in Dublin, Ohio.
Taylor is a member of many distinguished industry organizations. He was recently named, 'Advisor of the Year' by a national industry organization for his commitment to client education and perseverance in reaching out and assisting Ohio's community with retirement planning issues.
As a veteran of the financial services industry, Taylor has the knowledge and expertise to help retirees and those transitioning into retirement develop a comprehensive plan to protect against taxation, inflation, long term illness and probate. Taylor attributes his success as a Financial Advisor to his passion for helping others, his pursuit of providing financial security in the golden years and his commitment to client satisfaction.
Taylor has several exciting initiatives in the works, including Web site revisions and staff additions, but the crowning jewel is an upcoming book set to release in August. Though the title is still being bandied about, the content is set in stone.
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