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RISK ATTITUDES OF ANNUITY-PRONE INVESTORS.

Authors :
West, David A.
Wood, Gleen L.
Source :
Journal of Risk & Insurance; Mar70, Vol. 37 Issue 1, p9-16, 8p
Publication Year :
1970

Abstract

ABSTRACT With the introduction of equity products by life insurance companies, investor attitudes will become increasingly important. This paper attempts to add to the theory of insurance consumption by analyzing such investor attitudes. The data indicate that investors have substantially different attitudes toward various investment media. In the ease of several media, the attitudes of annuity-prone and annuity-moderate investors are very similar. However, there are significant statistical differences between the groups in their attitudes toward five important types of investments. These data also show significant differences in attitudes toward anti-inflationary portfolio policy. The conclusions drawn from these data may be especially important in relation to the equity products of life insurance companies and there are implications for the more traditional life insurance products as well. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00224367
Volume :
37
Issue :
1
Database :
Complementary Index
Journal :
Journal of Risk & Insurance
Publication Type :
Academic Journal
Accession number :
5135876
Full Text :
https://doi.org/10.2307/251514