Since the 17th century, insurance agents have been the foremost experts on risk.
For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady line of sacred bull.
The basic purpose of life insurance is to create cash…nothing more or nothing less. Everything else confuses and complicates.
For insurance solvency, ongoing plan participation is vital.
Human life is proverbially uncertain; few things are more certain than the solvency of a life-insurance company.
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
After all, as a taxpayer, if I'm acting as the insurer against losses, I should have the right to say what risks the insured can take.
Its success lies in the fact that it's an insurance plan, not an investment plan or a welfare plan.
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.
