Andrew Tobias: Quotes about life

“Life insurance in America has traditionally been dominated by mutual insurers. Twelve of the fifteen largest life insurers are mutuals.”

Andrew Tobias

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 3, You Can't Tell the Players, p. 39.

Life

“Life insurance is a commodity.”

Andrew Tobias

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 13, Gerber Life: Like Taking Candy From A Baby, p. 235.

Life

“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”

Andrew Tobias

subsequently merged
Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 14, Too Many Salesman, p. 250.

Life

“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

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 4, Tell Us The Odds, p. 70.

Life

“In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America.”

Andrew Tobias

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 13, Gerber Life: Like Taking Candy From A Baby, p. 239.

Life

“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

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 4, Tell Us The Odds, p. 65.

Life , People , Effort

“Man's natural life span, 75 to 90 years or so, has not increased. It is the number of us who manage to attain it that has increased.”

Andrew Tobias

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 12, They Bet Your Life, p. 209.

Life , Nature

“The first known life insurance contract was written in 1536 on the life of a British merchant, William Gybbons, for a term of one year. Gybbons died shortly before the policy was to expire, but the insurers refused the claim. They held that that Gybbons had indeed survived "twelve months" - twelve lunar months (of 28 days). The insurers were taken to court and ordered to pay.”

Andrew Tobias

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 7, The Battle II, p. 112.

Life