On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family Care
Family considerations are known to influence the decision to buy long-term care (LTC) insurance. This paper uses a Swiss survey to identify the characteristics of individuals willing to purchase LTC insurance, either to protect their children’s bequest or because they cannot rely on family for care....
| الحاوية / القاعدة: | Risks |
|---|---|
| المؤلفون الرئيسيون: | , , |
| التنسيق: | مقال |
| اللغة: | الإنجليزية |
| منشور في: |
MDPI AG
2024-08-01
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://www.mdpi.com/2227-9091/12/8/124 |
| _version_ | 1850045707592925184 |
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| author | Sylvain Botteron Christophe Courbage Joël Wagner |
| author_facet | Sylvain Botteron Christophe Courbage Joël Wagner |
| author_sort | Sylvain Botteron |
| collection | DOAJ |
| container_title | Risks |
| description | Family considerations are known to influence the decision to buy long-term care (LTC) insurance. This paper uses a Swiss survey to identify the characteristics of individuals willing to purchase LTC insurance, either to protect their children’s bequest or because they cannot rely on family for care. First, it shows that the presence or absence of children plays an important role in the two motivations for buying LTC insurance. Second, it shows that individuals from the French-speaking part of Switzerland and those with lower self-perceived health are more likely to buy LTC insurance because of the unreliability of family care. On the other hand, individuals with higher self-perceived health and those with a right and center political orientation are more likely to buy LTC insurance for reasons of bequest protection. The results provide insights into designing more targeted strategies to promote LTC insurance. |
| format | Article |
| id | doaj-art-e4ab16b3a892424b8aef9d2163254c5e |
| institution | Directory of Open Access Journals |
| issn | 2227-9091 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| spelling | doaj-art-e4ab16b3a892424b8aef9d2163254c5e2025-08-20T00:29:12ZengMDPI AGRisks2227-90912024-08-0112812410.3390/risks12080124On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family CareSylvain Botteron0Christophe Courbage1Joël Wagner2Geneva School of Business Administration, University of Applied Sciences Western Switzerland (HES-SO), Rue de la Tambourine 17, 1227 Carouge, SwitzerlandGeneva School of Business Administration, University of Applied Sciences Western Switzerland (HES-SO), Rue de la Tambourine 17, 1227 Carouge, SwitzerlandDepartment of Actuarial Science, Faculty of Business and Economics (HEC Lausanne), University of Lausanne, 1015 Lausanne, SwitzerlandFamily considerations are known to influence the decision to buy long-term care (LTC) insurance. This paper uses a Swiss survey to identify the characteristics of individuals willing to purchase LTC insurance, either to protect their children’s bequest or because they cannot rely on family for care. First, it shows that the presence or absence of children plays an important role in the two motivations for buying LTC insurance. Second, it shows that individuals from the French-speaking part of Switzerland and those with lower self-perceived health are more likely to buy LTC insurance because of the unreliability of family care. On the other hand, individuals with higher self-perceived health and those with a right and center political orientation are more likely to buy LTC insurance for reasons of bequest protection. The results provide insights into designing more targeted strategies to promote LTC insurance.https://www.mdpi.com/2227-9091/12/8/124long-term care insurancefamily carebequest |
| spellingShingle | Sylvain Botteron Christophe Courbage Joël Wagner On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family Care long-term care insurance family care bequest |
| title | On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family Care |
| title_full | On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family Care |
| title_fullStr | On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family Care |
| title_full_unstemmed | On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family Care |
| title_short | On the Motivations for Purchasing Long-Term Care Insurance: Protecting Bequest and Unreliability of Family Care |
| title_sort | on the motivations for purchasing long term care insurance protecting bequest and unreliability of family care |
| topic | long-term care insurance family care bequest |
| url | https://www.mdpi.com/2227-9091/12/8/124 |
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