International Journal of Human Ecology

The Korean Home Economics Association (대한가정학회)
권호 표지

Life Insurance Ownership of Households: Term and Cash-value Life Insurance

  • Published : 2004.06.01
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Abstract

This study attempted to identify the factors related to life insurance focusing on two different types of life insurance： term life insurance and cash-value life insurance. Based on the human capital, bequest motives theories, and decision under risk, a conceptual framework was developed. The results showed a support for the conceptual framework indicating that human capital, bequest motives as well as attitude toward risk were important factors in predicting each of life insurance ownership. In addition, the factors related to each type of life insurance were different. For term life insurance, the variables representing households' bequest motives were found to play an important role while the variables reflecting human capital theory had significant impact on cash-value life insurance holding.

Keywords

References

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