To the average consumer it probably seems that insurance premiums only go in one direction -- up. But insurance industry professionals do see rates rise and fall regularly. In general, we see that the industry moves in the same direction for each line of insurance. Meaning that when one auto insurance carrier increases its rate others likely have plans to do the same. That is not to say that companies never buck the trend, but it is uncommon.
For most athletes the biggest question at the end of their careers is what to do next. Some become coaches; others re-appear as talking heads on ESPN. A good number spend all their money, while a small few manage to leverage their on-field success to become even wealthier. The story that’s not often told, however, is that of athletes who make pragmatic decisions to launch second careers, far away from the field.
After getting named a first-team All American at the University of Washington, Lincoln Kennedy had a long football life mapped out in front of him. And he didn’t fail to disappoint, playing 11 years for the Atlanta Falcons and Oakland Raiders -- taking the field in three Pro Bowls and Super Bowl XXXVII.
But even after playing in the NFL for more than decade, Kennedy left the game at 32, an age when many people of his generation are first figuring out what they want to do. According to data collected by Sports Illustrated, 78% of all NFL players are in financial distress within only two years of retiring. So then what was does an engaging, 6’6” 350-pound millionaire do for an encore? Sell insurance, of course.
Those two have to go to Vegas for work. Not a bad deal.
If you’re in town for LeadsCon or just looking for something to do in Las Vegas (because there’s nothing else to do there), stop by the Mirage on Tuesday, February 28 from 4:30-5:00pm.
In our continuing quest to bring consumers the very best experience in insurance shopping, we decided to send our friends and family members through other insurance sites and experiences to let us know what they thought.
First, a caveat: Yes, our friends and family know CoverHound, and want it to succeed. But they’re also heavy Internet users and have a strong sense of the technologies available and what users can expect of them. At this point it’s fair to say that when shopping for insurance, a consumer wants easy access to all the rates available, before being able to purchase the best policy right then and there.
Next time you think a prospective carrier is asking you too many personal questions on its form consider the issue of adverse selection.
Adverse selection is a concept that appears in economics and logic textbooks. In insurance terms it describes a situation in which a person with great insurance needs is more likely to purchase a policy, without the carrier’s knowledge that that person is more risky to insure.
Did you know CoverHound was founded in May of 2010?