Thursday, May 31, 2012

Wednesday, January 9, 2008

Personforce Re-design

Hello there Insurance Insider readers! Apologies that this blog has fallen by the way side. My passion for the insurance industry was suddenly eclipsed by my interest in building a job recruitment site.

Any how, wanted to share with you our new redesign of the Personforce website. Please check it out at

Please feel free to send me any feedback!


Sunday, December 3, 2006

Burial Insurance in the New York Times

Burial insurance is a bit of a nonsense product. Basically, if you die, your family receives about $5,000 to cover funeral expenses. If you think about it, you'd be much better off buying a "regular ole" term life insurance policy that can be be used for any expense you have. The life insurance product not only offers more flexibilty, but most likely lower fees and expenses.

While this is a rotten product, insurance companies target consumers by preying on fear and misinformation. The New York Times tells about a company selling in the Mississippi Delta:

"Mr. Catchings, 67, said his agency sold up to 15,000 such policies a year — they are simply small life insurance policies worth an average of $5,000 — by sending 15 agents to school systems, public agencies and companies to meet the janitors, bus drivers and secretaries. When he started, he said, all the customers were black, but he now sells to a rising share of white clients. "

Racial profiling much, eh? The Times appears to completely gloss over this fact.

Thursday, November 30, 2006

Insurance Commissions

Do you ever wonder how much an insurance agent gets paid when he/she sell you a policy? Below are the figures:
  • Auto insurance: $200 every year
  • Annuities: $5,000 in the first year
  • Long Term Care: $500 in the first year
  • Term Life Insurance: $500 in the first year
  • Homeowners Insurance: $200 every year
  • Health Insurance: $600 in the first year

This is a big chunk of change, no? That's why you normally can save quite a bit of money buy "going direct" and getting the policy directly from the company. GEICO isn't lying when they say you can save a couple hundred bucks by using them!

Wednesday, November 29, 2006

Insurance Cost-Per-Clicks: WOW

A big theme in this blog will be about how much money insurance companies make off the consumer. Since they make so much profit on these products, they spend a lot of money trying to get you as a customer. Below are the most expensive google keywords that advertisers buy. Look how many insurance terms are here?! This means an car insurance company will pay $66 just for you to click on one of your ads, even if you don't buy anything! Wow.

school loan consolidation - $69.16
college loan consolidation - $68.35
car insurance quotes - $66.88
school consolidation - $66.29
auto insurance quotes - $65.90
college consolidation - $64.04
student loan consolidation rates - $60.14
sell structured settlement - $59.82
sell annuity - $58.92
federal student loan consolidation - $58.58
auto quotes - $58.09
auto insurance quote - $57.99
student consolidation - $56.96
student loan consolidation - $56.91
student loan consolidation interest rate - $56.52
consolidate student loan - $54.61
san diego dui attorney - $54.56
car insurance - $53.16
structured settlement - $52.96
consolidate school loans - $52.88
student loan refinance - $52.44
consolidation of student loans - $52.43
consolidation loan rate - $52.04
citibank student loan consolidation - $51.85
car insurance quote - $51.80
consolidate student loans - $51.23
private student loan consolidation - $51.05
lasik new york - $49.86
student loans consolidation - $49.82
private loan consolidation - $48.95
insurance quotes - $48.78
teleconference services - $48.72
the art institute of seattle - $48.68
federal loan consolidation - $48.61
plus loan consolidation - $47.74
student loan consolidation programs - $47.58
bad credit equity loan - $47.46
houston criminal attorney - $47.44
student loan consolidation calculator - $47.19
cash settlement - $47.12
consolidating student loans - $47.09
orlando culinary institute - $46.84
student loan consolidation program - $46.77
orlando culinary institute - $46.69
consolidation loan - $46.54
loan consolidation - $46.54
ditech - $46.32
auto quote - $45.77
sallie mae student loan consolidation - $45.69

Welcome to the Insurance Blog

Hello there!

Welcome to the first posting of the insurance blog. By way of bacground, I'm a former managment consultant in the insurance industry. I've seen the world of insurance from an insider's perspective, and let me tell you, it is not pretty.

Unfortunately for consumers, the more they pay for insurance, the more that companies will profit. Because of this, the entire insurance is set up to take money from the consumer. After all, that's how the companies make money.

But of course, all businesses are supposed to make money, right? If someone is trying to sell you a toaster, they'll try to get as much money out of you as possible, right?. However, unlike the toaster, insurance is complicated and expensive. The average consumer cannot possible figure out all the tricks that insurance companies are playing because it's too darn complicated.

So, this blog will be dedicated to showing consumers how to get an honest deal in insurance. I'll focus on auto insurance, life insurance, health insurance, disability insurance, and maybe even other types of insurance.

Well, happy insurance shopping!