“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.

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Andrew Tobias 19

American journalist 1947

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