The Effects of Health Status on Life Insurance Holdings in 16 European Countries
| Autor: | Wing-Keung Wong, Chu-Shiu Li, Saruultuya Tsendsuren, Sheng-Chang Peng |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
whole life insurance
Geography Planning and Development lcsh:TJ807-830 Adverse selection lcsh:Renewable energy sources Sample (statistics) Management Monitoring Policy and Law life insurance national health system Life insurance Environmental health 0502 economics and business objective health status self-perceived health 050207 economics Health risk lcsh:Environmental sciences National health lcsh:GE1-350 050208 finance Renewable Energy Sustainability and the Environment lcsh:Environmental effects of industries and plants 05 social sciences future health risk Self perceived health term life insurance lcsh:TD194-195 SHARE Business |
| Zdroj: | Sustainability Volume 10 Issue 10 Sustainability, Vol 10, Iss 10, p 3454 (2018) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su10103454 |
| Popis: | This study examines the relationships among three health status indicators (self-perceived health status, objective health status, and future health risk) and life insurance holdings in 16 European countries. Our results show that households with poor self-perceived health status and high future health risk are less likely to purchase life insurance in the entire sample as well as in the subsample for countries with a national health system (NHS). In non-NHS countries, those households that have high future health risk are less inclined to purchase life insurance. In terms of preferences for types of life insurance policies (term life, whole life, both, or none) in the whole sample, poor self-perceived health status and high future health risk are less inclined to hold only term life insurance policy. In addition, poor self-perceived health status and high future health risk have a negative impact on holdings of both types of life insurance. Our findings reveal that there is no adverse selection problem in the life insurance market, especially in European countries with NHS. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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