scholarly journals Life Insurance Purchasing to Maximize Utility of Household Consumption

2013 ◽  
Vol 17 (2) ◽  
pp. 114-135 ◽  
Author(s):  
Erhan Bayraktar ◽  
Virginia R. Young
Keyword(s):  
Life Insurance ◽  
Household Consumption ◽  
Insurance Purchasing

Household consumption, investment and life insurance

2011 ◽  
Vol 48 (3) ◽  
pp. 315-325 ◽  
Author(s):  
Kenneth Bruhn ◽  
Mogens Steffensen
Keyword(s):  
Life Insurance ◽  
Household Consumption

scholarly journals Adverse Selection in Term Life Insurance Purchasing due to the BRCA1/2 Genetic Test and Elastic Demand

2007 ◽  
Vol 74 (1) ◽  
pp. 65-86 ◽  
Author(s):  
Krupa S. Viswanathan ◽  
Jean Lemaire ◽  
Kate Withers ◽  
Katrina Armstrong ◽  
Agnieszka Baumritter ◽  
...  
Keyword(s):  
Adverse Selection ◽  
Life Insurance ◽  
Genetic Test ◽  
Elastic Demand ◽  
Insurance Purchasing

scholarly journals The Influence of Motivation, Needs, and Access to Information on Family Financial Planning in Life Insurance Purchasing

2016 ◽  
Vol 1 (2) ◽  
pp. 28 ◽  
Author(s):  
Istikhamah - Istikhamah ◽  
Lilik Noor Yuliati
Keyword(s):  
Life Insurance ◽  
Financial Planning ◽  
Information Access ◽  
Sampling Technique ◽  
Simple Random Sampling ◽  
Access To Information ◽  
Human Needs ◽  
Material Resources ◽  
Future Goals ◽  
Insurance Purchasing

Every human needs safety and security in which one does not feel worried in their life. The same thing happens within family. This entity should be able to manage of its material resources in order to achieve the future goals. One of the managerial tools is financial planning in life insurance purchasing as life insurance is a way to get security in family life. The study aimed to analyze the influence of motivation, needs, and information access on financial planning in life insurance purchasing within family. Participants were 84 family members, either husbands or wives who did family financial planning and were selected using simple random sampling technique. The data were collected by interview using structured questionnaires. The findings indicated that family with motivation and needs of safety and security was more likely to do financial planning in life insurance purchasing.

Online life insurance purchasing intention: Applying the unified theory of acceptance and use of technology

2019 ◽  
Vol 47 (7) ◽  
pp. 1-13
Author(s):  
Shi-jie Jiang ◽  
Xin Liu ◽  
Na Liu ◽  
Feiyun Xiang
Keyword(s):  
Theoretical Model ◽  
Life Insurance ◽  
Perceived Risk ◽  
Unified Theory ◽  
Key Factors ◽  
Online Trust ◽  
Use Of Technology ◽  
Purchasing Intention ◽  
Effort Expectancy ◽  
Insurance Purchasing

We developed and examined a theoretical model to explain the key factors influencing Chinese customers' purchasing intention of online life insurance. The proposed theoretical model incorporated the unified theory of acceptance and use of technology (UTAUT) with 2 external factors: online trust and perceived risk. SmartPLS 2.0 was used to analyze the data collected from field survey questionnaires (N = 315). The results showed that customers' online life insurance purchasing intention was significantly impacted by performance expectancy, effort expectancy, and social influence. In addition, online trust acted as both a direct antecedent of purchasing intention and an indirect antecedent through perceived risk. These findings offer Chinese insurers some guidelines for designing and marketing through this channel to increase their sales.

scholarly journals Life Insurance and Household Consumption

2012 ◽  
Vol 102 (7) ◽  
pp. 3701-3730 ◽  
Author(s):  
Jay H Hong ◽  
José-Víctor Ríos-Rull
Keyword(s):  
Marital Status ◽  
Life Insurance ◽  
Economies Of Scale ◽  
Marginal Utility ◽  
Household Consumption ◽  
Equivalence Scales ◽  
Bequest Motives ◽  
Home Goods ◽  
Very High

Using life insurance holdings by age, sex, and marital status, we infer how individuals value consumption in different demographic stages. We estimate equivalence scales and bequest motives simultaneously within a fully specified model where agents face US demographics and save and purchase life insurance. Our findings indicate that individuals are very caring for dependents, that economies of scale are large, that children are very costly (or yield very high marginal utility), that wives with children produce lots of home goods, and that females display habits from marriage, while men do not. These findings contrast sharply with standard equivalence scales.

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