We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …

We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products …. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a … portfolio of insurance products. We estimate the model to explain the observed variation in health and mortality delta implied …

alternatives and/or where attributes of alternatives are difficult to understand. We focus on choices about health insurance …, health care, and retirement planning, all of which are very important for the well-being of the elderly. Our review suggests …

elderly populations, such as serious health and mental conditions. We then relate our discounting measure to key outcome … variables including wealth, the timing of retirement, investments in health, and decisions about end-of-life care …

People may have imperfect information about their health status and thus make suboptimal decisions in insurance …-economic status and poorer health are relatively less likely to realize how unhealthy they are and this overconfidence is associated … with no insurance participation. Accurate health information provided through physical examinations induces relatively …

ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …