Next Article in Journal
Consumption-Intention Formation in Education for Sustainable Development: An Adapted Model Based on the Theory of Planned Behavior
Previous Article in Journal
An Emergency Decision-Making Method for Urban Rainstorm Water-Logging: A China Study
Previous Article in Special Issue
Does Sustainability Engagement Affect Stock Return Volatility? Evidence from the Chinese Financial Market
Article Menu
Issue 10 (October) cover image

Export Article

Open AccessArticle
Sustainability 2018, 10(10), 3454; https://doi.org/10.3390/su10103454

The Effects of Health Status on Life Insurance Holdings in 16 European Countries

1
Business Development Division, Golomt Bank of Mongolia, Ulaanbaatar 15160, Mongolia
2
Department of Risk Management and Insurance, College of Finance and Banking, National Kaohsiung University of Science and Technology, Kaohsiung 824, Taiwan
3
Department of Risk Management and Insurance, School of Management, Ming Chuan University, Taipei 111, Taiwan
4
Department of Finance, College of Management, Fintech Center, and Big Data Research Center, Asia University, Taichung 41354, Taiwan
5
Department of Medical Research, China Medical University, Taichung 404, Taiwan
6
Department of Economics and Finance, Hang Seng Management College, Hong Kong 999077, China
7
Department of Economics, Lingnan University, Tuen Mun, Hong Kong 999077, China
*
Author to whom correspondence should be addressed.
Received: 30 June 2018 / Revised: 13 September 2018 / Accepted: 19 September 2018 / Published: 27 September 2018
(This article belongs to the Special Issue Risk Measures with Applications in Finance and Economics)
Full-Text   |   PDF [658 KB, uploaded 27 September 2018]

Abstract

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. View Full-Text
Keywords: life insurance; term life insurance; whole life insurance; self-perceived health; objective health status; future health risk; SHARE; national health system life insurance; term life insurance; whole life insurance; self-perceived health; objective health status; future health risk; SHARE; national health system
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Tsendsuren, S.; Li, C.-S.; Peng, S.-C.; Wong, W.-K. The Effects of Health Status on Life Insurance Holdings in 16 European Countries. Sustainability 2018, 10, 3454.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top