Abstract

Abstract In this note, I have shown how economically meaningful propositions can be derived regarding the effects of human wealth, nonhuman wealth and the probability of dying on the optimal term life insurance coverage of an individual with state dependent preferences in the framework of Babbel & Economides (1985).

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

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.