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

The first life insurance societies where formed in England in the years between 1692 and 1720. In America, life insurance became available to the clergy through the Presbyterian Ministers Fund, founded in 1759(still in existence), and the Episcopal Corporation, founded ten years later (subsequently merged).

The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.

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