Life Insurance demand under health shock risk

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<subfield code="a">Life Insurance demand under health shock risk</subfield>
<subfield code="c">Christoph Hambel... [et al.]</subfield>
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<subfield code="a">This article studies the consumption-investment-insurance problem of a family. The wage earner faces the risk of a health shock. The family can buy long-term life insurance that can only be revised at significant costs. A revision is only possible as long as the insured person is healthy. The combination of unspanned labor income and the stickiness of insurance decisions reduces the long-term insurance demand significantly. Since such a reduction is costly and families anticipate these potential costs, they buy less protection at all ages. In particular, young families stay away from long-term life insurance markets altogether.</subfield>
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<subfield code="a">Seguro de vida</subfield>
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<subfield code="0">MAPA20080591182</subfield>
<subfield code="a">Gerencia de riesgos</subfield>
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<subfield code="a">Hambel, Christoph</subfield>
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<subfield code="t">The Journal of risk and insurance</subfield>
<subfield code="d">Nueva York : The American Risk and Insurance Association, 1964-</subfield>
<subfield code="x">0022-4367</subfield>
<subfield code="g">04/12/2017 Volumen 84 Número 4 - diciembre 2017 , p. 1171-1202</subfield>
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