Our Philosophy

Don't Insure What You Can Pay For

Keep "processing fees" for yourself.

Don't insure routine bills. At Pedersen Associates, we think that's a waste. We'll show you how you can save real money by not insuring things you can anticipate, and pay for.

Picture this: your monthly telephone bill arrives, with a listing of services and toll calls totaling $100. At the bottom of the bill is a message: "Do not pay.  Submitted for payment to your insurance carrier." Sounds ridiculous, doesn't it? Nobody insures routine utility bills. But thousands of underwriters collect premiums every day to pay routine medical bills. 

If your house burns down, that's a catastrophe. You want to insure that.  In much the same way, you want to be covered if you suffer a serious illness or injury. Hospitals are expensive; that's why modern health insurance is here.

But using medical insurance to pay for your routine six-month check up costs you more than paying for it yourself.

Back to the phone insurance. Let's say you purchased a simple "group telephone plan" through your employer.  If there were 10 people in the group, and you all used the phone to the tune of an average of $100 per month, then the insurance company would have to charge a $1,000 monthly premium just to meet the bills. But, don't forget, insurance companies are in business to make money. to do that, they have to add the cost of their offices and pay people to "process" the telephone bills to your monthly premium. And, they have to turn a profit, so they have to add that to your monthly premium as well.

When it's all added up, the premium would probably be $1,400 per month, if not more. The end result: you just paid $140 up front to get $100 worth of service.

Don't insure what you can pay for, and keep the money spent "processing" your routine expenditures for yourself.

 If you're ready for change, call one of our experts at 414.847.2040. Or just send us an email ... and we'll do the rest