Financial literacy, financial advisors, and information sources on demand for life insurance
Financial literacy, financial advisors, and information sources on demand for life insurance
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DOI：
10.1016/j.pacfin.2017.04.002
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发表时间：
2017-06-01
影响因子：
4.6
通讯作者：
Yeh, Cheng-Yung
中科院分区：
文献类型：
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作者：
Lin, Chaonan;Hsiao, Yu-Jen;Yeh, Cheng-Yung
使用逻辑回归模型来研究金融知识、财务顾问和信息来源对人寿保险参与的影响。我们的实证研究结果表明，具有较高金融知识的人更有可能购买人寿保险，并且与财务顾问的咨询以及与家人和朋友的交谈都与人寿保险的需求呈正相关。参与者特征，如年龄、性别、婚姻状况、工作状况、个人收入等，也是影响寿险需求的主要因素。此外，台湾金监会的教育计划可以增加人寿保险的需求。
A logistic regression model was used to investigate the effects of financial literacy, financial advisors, and information sources on life insurance participation. Our empirical findings suggest that people with high financial literacy are more likely to purchase life insurance and that consultations with financial advisors and conversations with family members and friends are both positively associated with the demand for life insurance. Participant characteristics, such as age, gender, marital status, working status, and personal income, are also major factors affecting the demand for life insurance. Moreover, the Taiwan Financial Supervisory Commission education program can increase the demand for life insurance.