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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.

Andrew Tobias

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Andrew Tobias
Age: 77
Born: 1947
Born: April 20
Journalist
Writer
Insurance
Faster
Rule
Plan
Trimmings
Harder
Trimming
Plans
Thumb
Running
Pitching
Someone
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More quotes by Andrew Tobias

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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 question young drivers have far more accidents than older ones - but is it our aim to keep them off the roads? Or to allow only rich young people (who can afford the premiums) to drive?
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Life insurance is a commodity.
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There's no such thing as altruism.
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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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Hay fever suffers tend to be above average in intelligence.
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Now listen. You can't fool all the people all the time-- but I want you to try.
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The industry cannot long offer unneeded or overpriced insurance if people will not buy it.
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One of the advantages of the book's having been out there for more than a quarter century is that there's been time for people to report back on what it's done for them.
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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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I think a lot of people would rather have more control over their life than less.
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The first life insurance societies where formed in England in the years between 1692 and 1720. In America, life insurance became available to the clergy through the Presbyterian Ministers Fund, founded in 1759 (still in existence), and the Episcopal Corporation, founded ten years later (subsequently merged).
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It's very nice to be able to be who you are.
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The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.
Andrew Tobias
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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.
Andrew Tobias
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The first American insurance company was the Friendly Society for the Mutual Insurance of Houses Against Fire, founded in Charles Town in South Carolina, in 1735.
Andrew Tobias
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I was a writer for 'New York' magazine. I had been to business school, but what did I know? Still, everybody from the receptionists on up to the editor would ask me what they should do with their money.
Andrew Tobias
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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.
Andrew Tobias
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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.
Andrew Tobias
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The best thing I have are 5 percent bonds from 1780, denominated from $1 to $20. As far as I can tell, they are obligations from the United States of America, so I should be able to walk down to the Federal Reserve and redeem the uncanceled ones. With 217 years of accrued interest, for a $20 bond, that's about $800,000.
Andrew Tobias