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Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
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Sunday, October 1 • 11:30am - 12:20pm
D3a The Effects of Risk Aversion on the Life Insurance Ownership of Single-Parent Households

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The objective of this paper was to investigate how risk aversion affected the ownership of life insurance, for single-parent households with at least one child under 18. We found that the likelihood of owning a term policy decreased as risk aversion increased, but the likelihood of owning a cash-value policy increased as risk aversion increased. Smokers were less likely to own term life insurance but more likely to own cash value life insurance than comparable non-smokers. The likelihood of owning life insurance increased with the amount of financial assets, suggesting financial assets were not considered a substitute for life insurance.

Author(s): Sarah Youngwon Nam, Sherman D. Hanna

avatar for Sarah Youngwon Nam

Sarah Youngwon Nam

Ph.D. Student, The Ohio State University

Sunday October 1, 2017 11:30am - 12:20pm
Mockingbird 3

Attendees (2)