Private long-term care insurance ownership in a simple choice environment: Does financial literacy matter?

Private long-term care insurance ownership in a simple choice environment: Does financial literacy matter?

We present new evidence on financial literacy and private long-term care insurance (LTCI) ownership in Singapore, where policy intervention has resulted in a highly standardized marketplace with fixed benefit terms and premiums schedules. Using data from the 2018 Singapore Life Panel (N = 6,151), we...

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Bibliographic Details
Main Authors: FONG, Joelle H., STRAUGHAN, Paulin T.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
Aging
financial knowledge
insurance
long-term care financing
severe disability
Finance and Financial Management
Sociology
Online Access:https://ink.library.smu.edu.sg/soss_research/3767
https://doi.org/10.1080/08959420.2023.2203601
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soss_research/3767
https://doi.org/10.1080/08959420.2023.2203601

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