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 Matthew Zagula, President of First Financial Advisors and Bleier Zagula Investments. “This reduction could be even higher depending on when your policy was put in place.”
Zagula 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 Zagula. “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 Matthew Zagula can help, please call 1-800-723-0533.
For media inquiries only, please contact Jenn Horner at Jennifer@dnagency.com.
About Matthew Zagula:
Matthew Zagula has been a coach to the nation’s top lawyers specializing in estate planning and elder law, an accomplished financial advisor to his clients, an author, radio personality and founder of several institutes dedicated to providing sound fiscal advice to veterans and seniors for just about the last 20 years.
Zagula’s experience in insurance and financial planning began with Guardian Life Insurance Company and extends through a position with Northwestern Mutual where he acted as a special agent for advanced cases. Zagula has an extensive background in retirement and estate planning, and executive benefits.
Zagula has been and continues to be at the forefront of many training programs with some of the nations best Elder Law Attorneys and Financial Advisors.
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