Abstract
Cash value life insurance (CVLI) is a risk management tool that provides not only a life cycle protection but also a cash value accumulation potential. This study used the behavioral life cycle hypothesis as a theoretical framework and investigated the role of self-discipline and risk tolerance on CVLI ownership of young adult households aged 26–30. A logistic regression model was used to analyze the National Longitudinal Survey of Youth 1997 (NLSY97) that surveyed Americans born between 1980 and 1984. The results showed that the likelihood of owning CVLI increased with self-discipline and decreased with risk tolerance.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
