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The industry cannot long offer unneeded or overpriced insurance if people will not buy it.

Andrew Tobias

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Andrew Tobias
Age: 77
Born: 1947
Born: April 20
Journalist
Writer
People
Unneeded
Overpriced
Insurance
Offer
Offers
Industry
Cannot
Long

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Nobody wants campaign finance reform more than me. It would save me a fortune.
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Still, most people don't have much money. So finding ways to come out a couple of thousand dollars ahead every year still matters.
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The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.
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Having no national system of catastrophic health insurance, we have, through the courts, managed to patch together pieces of a not very satisfactory one.
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Rule of thumb: The more trimmings an insurance plan has and the harder someone is pitching it, the faster you should run.
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Summers are the best. And I figured summer was my best time for meeting someone, too, because in the summer people are looking for someone to snuggle up with for the winter. And because in the summer I could take off my shirt.
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There are only two things as complicated as insurance accounting and I have no idea what they are.
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There's no such thing as altruism.
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People don't need to find reasons to justify their not giving. What they need to find is the inspiration to give. And those who don't, but could afford to, are missing out on one of wealth's greatest luxuries.
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Hay fever suffers tend to be above average in intelligence.
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The life insurance policies advertised on the radio with the line You cannot be turned down for this coverage! are actually saying, For policies this small, it would cost us more to decide whom to turn down than simply to accept everybody - and make them pay through the nose.
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You want 21 percent risk free? Pay off your credit cards.
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Life insurance is a commodity.
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No wonder lawyers, who control the legal system, have fought so hard, and with great success, against no fault insurance. No fault, no lawsuits. No lawsuits, no lunch.
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The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.
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Not surprisingly, the insurance lobby recoils in horror at the prospect of automatic coverage (including, when it was first proposed, Social Security), no matter how efficient it may be. Automatic coverage eliminates sales commissions and profit.
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In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America.
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I think a lot of people would rather have more control over their life than less.
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