Financial Advisor Michael Dinich Unveils How To Avoid Overpaying For Life Insurance
Sayre, PA. –Financial Advisor Michael Dinich 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 Dinich, Founder of Your Money Matters. “This reduction could be even higher depending on when your policy was put in place.”
Dinich 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 Dinich. “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.”
About Michael Dinich:
Michael Dinich has more than 25 years in the financial industry and is a Certified Estate Planner and Registered Financial Consultant. He takes a holistic approach to retirement, integrating estate planning, tax planning and safe money. This approach helped Michael’s firm win the 2009 Five-Star Wealth Manager Award through Philadelphia Magazine.
Michael has a passion for helping pre-retirees and aims to minimize taxation when possible. He also works to stay ahead of inflation, which is something not all advisors focus on. Michael is currently working on a book project with his wife, “Recipes for Retirement Success.”