Japanese Consumers' Demand for Cash Value Life Insurance: A Case of Mistaken Identity
AbstractStatistics provided by official government and industry sources suggest that, with respect to the choice between various forms of life insurance, Japanese consumers display a strong preference for cash value varieties. The implication is that Japanese consumers seek to secure both death and maturity benefits when purchasing life insurance-i.e., they view life insurance as a savings vehicle. This conclusion has significance not only with respect to life insurance consumption but to broader savings behavior as well. This paper disputes these conclusions, however, and illustrates how problematic data collection and presentation methods contribute to a flawed understanding of Japanese life insurance consumption habits. The paper goes on to present an alternative profile of life insurance consumption that incorporates expert opinion. This latter profile suggests that Japanese consumers actually have very limited demand for cash value forms of life insurance-contradicting official data sources.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Western Risk and Insurance Association in its journal Journal of Insurance Issues.
Volume (Year): 25 (2002)
Issue (Month): 1 ()
Contact details of provider:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (James Barrese).
If references are entirely missing, you can add them using this form.