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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 The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982)

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The industry cannot long offer unneeded or overpriced insurance if people will not buy it.

The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982)

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.

The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982)

There are only two things as complicated as insurance accounting and I have no idea what they are.

The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982)

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

The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982)

Rule of thumb: The more trimmings an insurance plan has and the harder someone is pitching it, the faster you should run.

The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982)

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Quote text and notes from Wikiquote: Andrew Tobias (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.