Financial Advisor J. Allen Neuenschwander Unveils How To Avoid Overpaying For Life Insurance
Houston, TX. – Financial Advisor J. Allen Neuenschwander informs life insurance policy holders that they may be paying as much as 70% too much for their life insurance.
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 J. Allen Neuenschwander, Owner of Outlook Wealth Advisors, LLC. “This reduction could be even higher depending on when your policy was put in place.”
Neuenschwander 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 Neuenschwander. “The best way to ensure against over paying or getting less than you’ve paid for is to get a life insurance policy review completed by a knowledgeable advisor.”
About J. Allen Neuenschwander:
Allen created Outlook Wealth Advisors after a devastating family tragedy. It is one of the few estate planning firms left that has a true fiduciary responsibility to take care of its clients’ interests first, not the firm’s.
Over the years, Allen has passed numerous exams to become a Chartered Life Underwriter (CLU) and Certified Financial Planner™. He has taught financial and retirement planning courses for several Houston area colleges and universities and for employee groups at several Fortune 100 companies. Allen has also served on the investment committee of the Houston Chapter of the Texas Society of CPAs, and on the Board of Directors of the Financial Planning Association of Houston.
A major focus of Allen’s practice is working with retired people and those who are about to retire. He has a CD, “How to Avoid Common Retirement Pitfalls,” that is currently available and has future plans to start working on a book.
Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC registered Investment Advisor. Securities offered through GF Investments Services, LLC with principal offices at 2080 Ringling Blvd, Sarasota, FL