Parsippany, NJ. – Financial Advisor Ronald Gelok 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 Ronald Gelok, President & Financial Associate of Ronald Gelok & Associates. “This reduction could be even higher depending on when your policy was put in place.”

Gelok 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 Gelok. “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 Ronald Gelok can help, please visit www.ronaldgelok.com or call (800) 476-8152.

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

About Ronald Gelok:

Ronald Gelok, JD is known as the IRA Professor. For over 20 years Ron and his team have been known for making complex retirement planning and tax reduction planning clear and easy to understand. His clients often find that, after working with him they have moved significantly forward in their planning, simplifying their finances and obtaining greater peace of mind about their financial future. Ron has appeared on both radio and television discussing retirement planning problem solving. He is licensed in New Jersey, New York, Florida and Pennsylvania. His new book is due out this fall.