Financial Advisor Robert Grace Unveils How To Avoid Overpaying For Life Insurance

Fort Myers, FL. –Financial Advisor Robert Grace informs life insurance policyholders 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) table.  The pricing is based upon a study of mortality experience.  The most recent study was conducted in 2001 and rates were recalculated at that time.  Prior to that study, the last study and price structure recalculation was in 1980.

“The 2001 table reflected a 30 percent reduction in policyholder costs from those established 20 years earlier,” said Robert Grace, President of Grace Advisory Group.

Grace advises that, while the first study was done in 1980, the 1980 CSO rates were not implemented until 1988. Policyholders who bought insurance during that eight-year time period may actually be paying an even higher rate.   Said Grace, “As a result, the reduction in rates could be even greater depending on when your policy was put in force.”

“Bottom line, there are a lot of policies that are priced better in today’s market,” said Grace. “The best way to ensure against overpaying or getting less than what you’ve paid for is to get a life insurance policy review completed by a knowledgeable advisor.”

For more information on how Robert Grace can help, please visit

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

About Robert Grace:

Robert Grace has over forty years of experience providing estate, retirement and tax planning for individuals. Grace worked as a financial planner for a number of years before pursuing a law degree.

Besides being an attorney, he’s also a Chartered Life Underwriter, a Chartered Financial Consultant, a Registered Financial Consultant and a Certified Financial Educator.

In 2001, Grace decided to open his own firm, Grace Tax Advisory Group, which specializes in wealth accumulation, income tax preparation and reduction, retirement plan rollovers, legacy planning and guaranteed lifetime income strategies.

Grace has written a book, “How to Make Sure Your Money Lasts as Long as You Do: A 5 Percent Cash Flow in a 1 Percent Economy,” which goes into detail about safe money principles to assure a guaranteed lifetime income and more.

For the past four years, Grace has also hosted an hour-long talk radio show, “Retire with Grace,” that currently airs on Saturdays and Sundays on 7 stations in Florida.

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