Glen Burnie, MD. –Financial Advisor Michael Canet 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 Michael Canet, Founder of Prostatis Financial Advisors Group, LLC and the Estate and Elder Planning Center of Maryland. “This reduction could be even higher depending on when your policy was put in place.”

Canet 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 Canet. “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.”

For more information on how Michael Canet can help, please visit www.ProstatisFinancial.com.

For media inquiries only, please contact Jenn Horner at [email protected].

About Michael Canet:

Michael Canet is the Founder of Prostatis Financial Advisors Group, LLC as well as the Estate and Elder Planning Center of Maryland. For over a decade, Canet has been building a reputation in retirement planning and asset preservation for families and retirees.

Michael Canet is the author of, Surviving the Perfect Storm: A Practical Guide to Secure Retirement Planning During Volatile Times, and the host of The Savvy Investor Radio. Canet holds public seminars focusing on financial and legal aspects of retirement planning, the economics of long-term healthcare and asset preservation, and frequently appears on television as a tax and financial expert.

In 2010, the Governor of Maryland appointed Canet to the State Board of Individual Tax Preparers. He is widely recognized in Maryland and beyond as a specialist in retirement planning.