insure against severe reductions in income of widows by purchasing more life insurance. These findings lead, therefore, to … enough life insurance to prevent a sharp drop in the wife's consumption if her husband dies. This conclusion raises the … question of the role of the government in requiring the purchase of life insurance by couples, through the social security …

This paper examines whether middle age American households purchase adequate amounts of life insurance. The analysis is … insured is 24 percent. These findings on inadequate life insurance are even more striking if one focuses on those households …, and 31 percent if one assumes annuities are unavailable. The problem of inadequate insurance is even more significant …

suggests that many households may fail to buy sufficient life insurance.This paper considers the adequacy and determinants of … life insurance among the elderly. Its principal conclusions are:(1) Combined private and public life insurance is … significantly offset Social Security's provision of survivor insurance by reducing their private purchase of life insurance; and(4 …

This paper examines whether middle age American households purchase adequate amounts of life insurance. The analysis is … insured is 24 percent. These findings on inadequate life insurance are even more striking if one focuses on those households …, and 31 percent if one assumes annuities are unavailable. The problem of inadequate insurance is even more significant …