Life insurance in America has traditionally been dominated by mutual insurers. Twelve of the fifteen largest life insurers are mutuals. Andrew Tobias More Quotes by Andrew Tobias More Quotes From Andrew Tobias 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 legal-system faults lunch There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder. Andrew Tobias jobs war america Nobody wants campaign finance reform more than me. It would save me a fortune. Andrew Tobias reform campaigns want 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 fire house friendly 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. Andrew Tobias luxury inspiration people But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning. Andrew Tobias successful self winning What kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack. Andrew Tobias common-sense kind giving 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 effort believe people 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 lines cost noses The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance. Andrew Tobias sells buying want Having no national system of catastrophic health insurance, we have, through the courts, managed to patch together pieces of a not very satisfactory one. Andrew Tobias court pieces together 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? Andrew Tobias rich young people 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 numbers men years Hay fever suffers tend to be above average in intelligence. Andrew Tobias hay-fever suffering average 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. Andrew Tobias matter may firsts It's very nice to be able to be who you are. Andrew Tobias be-who-you-are able nice Now listen. You can't fool all the people all the time-- but I want you to try. Andrew Tobias want trying people You want 21 percent risk free? Pay off your credit cards. Andrew Tobias credit risk cards I think a lot of people would rather have more control over their life than less. Andrew Tobias people thinking Still, most people don't have much money. So finding ways to come out a couple of thousand dollars ahead every year still matters. Andrew Tobias couple people years
