Insurance Premium Quotes & Sayings

There was more than one way to think about Mike Burry's purchase of a billion dollars in credit default swaps. The first was as a simple, even innocent, insurance contract. Burry made his semiannual premium payments and, in return, received protection against the default of a billion dollars' worth of bonds. He'd either be paid zero, if the triple-B-rated bonds he'd insured proved good, or a billion dollars, if those triple-B-rated bonds went bad. But of course Mike Burry didn't own any triple-B-rated subprime mortgage bonds, or anything like them. He had no property to "insure" it was as if he had bought fire insurance on some slum with a history of burning down. To him, as to Steve Eisman, a credit default swap wasn't insurance at all but an outright speculative bet against the market - and this was the second way to think about it. — Michael Lewis

Religion is the theological equivalent of a quick-buck insurance scam, where you pay in your premium year after year, and then, when you need the benefits you paid for so - pardon the pun - so religiously, you discover the company that took your money does not, in fact, exist. — Stephen King

I still like being in North of England and I keep a place there. But there are a lot of things about the Continent that are to be preferred. The social institutions work better, women have a better position in society and the food is another thing. — Andrew Eldritch

We've been paying for 100 percent of preventive care. But if you're not getting annual physicals, then you're not going to gain a financial incentive, so effectively your insurance premium with us will go up. — Steven Burd

A credit default swap was confusing mainly because it wasn't really a swap at all. It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term. For instance, you might pay $200,000 a year to buy a ten-year credit default swap on $100 million in General Electric bonds. The most you could lose was $2 million: $200,000 a year for ten years. The most you could make was $100 million, if General Electric defaulted on its debt any time in the next ten years and bondholders recovered nothing. It was a zero-sum bet: If you made $100 million, the guy who had sold you the credit default swap lost $100 million. It was also an asymmetric bet, like laying down money on a number in roulette. The most you could lose were the chips you put on the table; but if your number came up you made thirty, forty, even fifty times your money. — Michael Lewis

It puts the provider in a situation of looking for ways to have someone else pick up a piece of the cost. As a result, every customer who has insurance ends up paying a 'hidden premium.' It simply adds to the health care cost burden. — Dave Obey

If my colleagues stop eating donuts and are more active, it saves me money on next year's insurance premium, and I get to work with people who have more energy and creativity each day. Yet most organizations fail to make health a cultural priority. Instead, they treat healthcare like any other expense. — Tom Rath

I want to know if I look up a whole lot of books about some form of cancer that that's not going to get to my insurance company and I'm going to find my insurance premium is going to go up by 5% because they've figured I'm looking at those books. — Tim Berners-Lee

My approach to every game was to try to erase the games that were before and try to focus on the game at hand. — Cal Ripken Jr.

While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home. — Suze Orman

The greatest gift we can give another is the gift of a good example. — Delbert L. Stapley

How do commercial interests usually protect themselves from liability claims? Through insurance. In fact, in our society, the litmus test for safety is insurance. You can be insured for almost anything if you pay enough for the premium, but if the insurance industry isn't willing to bet its money on the safety of [biotechnology], it means the risks are simply too high or too uncertain for them to take the gamble. — David Suzuki

Investing in the market without knowing what stage it is in is like selling life insurance to 20 year olds and 80 year olds at the same premium. — Victor Sperandeo

Justice is the insurance which we have on our lives and property. Obedience is the premium which we pay for it. — William Penn

Look. You all do things that are beautiful and magical and ... and important. But me ... there's gotta be more to my life than just pots and kettles. All I'm asking you is that you give me a chance. — Tink

It's story that counts. No use telling me this isn't
a story, or not the same story. I know you've fulfilled everything you promised, you love me, we sleep till noon and we spend the rest of the day eating, the food is superb, I don't deny that. But I worry about the future ... Don't evade, don't pretend you won't leave after all: you leave in the story and the story is ruthless. — Margaret Atwood

There's no embassy for the United States in Iran. So, Iranians process those in other countries. — Judy Woodruff

I was told when I went for a life-insurance exam when I was 18 that I was not likely to live past 50, so I refused to pay the premium. — Jeffrey Tate

Will you reach heaven?
Brighter now,
white and beautiful.
You hurry in that direction.
Your eyes acquiesce,
and open to discover ...
you're back in hell, after all. — Ellen Hopkins

Wal-Mart workers make just over $8 an hour, and they must pay more than a third of their health insurance premium if they choose to take the company's insurance. That means just about half of them don't choose to take the health insurance because they can't afford it. — Liza Featherstone

In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, however, womans premium is a husband, she pays for it with her name, her privacy, her self-respect, her very life, until death doth part. — Emma Goldman

Sham idealists: the quite large number of people who profess ideals as a form of premium for other-life insurance, and are content to lay up slavery and destitution for their descendants so long as they are enabled to produce personal copybooks of elevated views at the gate of heaven. — John Wyndham

In fiction, characters could punch their bosses and get away with it.
In real life, you lost your job, and then you were dining on Cup-a-Soup seven nights a week instead of four. — Sarah Morgan

Gone, at least for the moment, was his view of the Holy One as a man swatting flies or trapping rats in the stable or flying into a temper as savage as any Assyrian king's. Gone too was the notion of the Holy One keeping score so exactingly that not even the angels could escape the severest penalties. In place of all this, at least for as long as it took him to go back into the house, he thought about how the Holy One, blessed be he, wishes the world and its creatures nothing but well. He thought also how, though never condoning the shadows that dwell in the human heart, he is forever dispatching angels of light to deal with them mercifully. — Frederick Buechner