“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.” FirstsMayMatterSocialSecurityHorrorIncludingProfitEfficientSocial SecurityCoverageRecoil Author:Andrew Tobias
“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."” TurnsLinesPayAcceptingPolicyCostRadioNosesCoverageTurned DownInsurance PolicyLife Insurance Policy Author:Andrew Tobias
