Quote by Andrew Tobias

Life insurance in America has traditionally been dominated by mutual insurers. Twelve of the fifteen largest life insurers are mutuals.

Life insurance in America has traditionally been dominated b

Summary

This quote highlights the prevailing dominance of mutual insurers in the American life insurance industry. It states that out of the fifteen largest life insurers in the country, twelve are mutual insurers. This implies that mutual insurers have been historically successful and influential in the American life insurance market. The term "mutual" refers to insurance companies that are owned by their policyholders, allowing them to share in the company's profits and participate in its decision-making processes. This suggests that policyholders in America have shown a preference for mutual insurers when seeking life insurance coverage.

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By Andrew Tobias

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