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Risk Preferences Necessary to Choose Life Insurance Funding of Buy-Sell Arrangements

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  • Tauer, Loren W.

Abstract

Pratt-Arrow risk aversion coefficients are derived such that term life insurance funding of buy-sell arrangements is preferred by decision makers with risk preferences greater than those breakeven coefficients. Given previous estimates of farmers' risk preferences, anything greater than a 25 percent loading of actuarially fair premiums would discourage life insurance funding.

Suggested Citation

  • Tauer, Loren W., 1985. "Risk Preferences Necessary to Choose Life Insurance Funding of Buy-Sell Arrangements," Staff Papers 185998, Cornell University, Department of Applied Economics and Management.
    • Handle: RePEc:ags:cudasp:185998
    DOI: 10.22004/ag.econ.185998
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    Keywords

    Risk and Uncertainty;

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