Financial Advisor Gregory Ricks Unveils How To Avoid Overpaying For Life Insurance

Posted by admin on Apr 25th, 2012

Metairie, LA. –Financial Advisor Gregory Ricks 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 Gregory Ricks, Founder and CEO of Gregory Ricks & Associates, a registered investment adviser.

. “This reduction could be even higher depending on when your policy was put in place.”

Ricks 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 Ricks. “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.”

For more information on how Gregory Ricks can help, please visit  

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About Gregory Ricks:

Gregory Ricks is the Founder and CEO of Gregory Ricks Inc., Louisiana’s 401k and Retirement Authority. He started in financial services in 1982 when he made his first foray into the industry by selling insurance policies to pay his way through college. That’s where he started learning the business. Although he’d always been entrepreneurially minded and enjoyed the challenges of making money, he found new purpose in his current business of helping others preserve wealth.

Ricks has received training by nationally recognized IRA Expert and author Ed Slott and is a member of Ed Slott’s Elite IRA Advisor Group™. Ricks has also completed training at the IRA Academy under Master IRA trainer David Royer. Author Michael Reese has also trained Ricks as an IRA Tax Reduction Specialist.

A venture to educate the public that Ricks is extremely proud of is his 9 a.m. CST Saturday radio show “Winning at Life with Gregory Ricks” on Rush Radio 99.5 WRNO. Finally, Ricks is in the process of finalizing his new book “Winning at Life in Retirement.” The emphasis is to avoid losing money to Wall Street, avoid losing money to Uncle Sam and to protect assets from runaway health care costs late in life.