The Demand for Life Insurance Policy Loans

被引：20

作者：

Liebenberg, Andre P. ^{[1
]}

Carson, James M. ^{[2
]}

Hoyt, Robert E. ^{[3
]}

机构：

[1] Univ Mississippi, Coll Business Adm, University, MS 38677 USA

[2] Florida State Univ, Coll Business, Tallahassee, FL 32306 USA

[3] Univ Georgia, Terry Coll Business, Athens, GA 30602 USA

来源：

JOURNAL OF RISK AND INSURANCE | 2010年 / 77卷 / 03期

关键词：

ECONOMETRIC-ANALYSIS; COMPANIES;

D O I：

10.1111/j.1539-6975.2010.01359.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

P>Previous research has examined the demand for life insurance policy loans using aggregate policy loan data. In contrast, we use a detailed household survey data set containing life insurance and policy loan information to alternatively, and in some cases more directly, examine the four hypotheses traditionally associated with policy loan demand. Our research provides the first U.S. evidence (in the post-World War II period) in support of the policy loan emergency fund hypothesis. In particular, we find that the more detailed emergency fund proxies used here reveal a significantly positive relation between loan demand and recent expense or income shocks.

引用

页码：651 / 666

页数：16

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