The potential need for long-term care (LTC) is one of the greatest financial risks faced not only by the elderly, but also by their adult children, who often provide care or financial assistance. We investigate adult children’s role in the demand for LTC insurance. Similar to flood insurance,...

A life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some recent studies find the two risks-longevity risk and long-term care risk-to be opposing and thus life care annuities advantageous in regard to pooling the two risks. Based on...

A life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some recent studies find the two risks - longevity risk and long-term care risk - to be opposing and thus life care annuities advantageous in regard to pooling the two risks. Based on...

The potential need for long-term care (LTC) is one of the greatest financial risks faced not only by the elderly, but also by their adult children, who often provide care or financial assistance. We investigate adult children's role in the demand for LTC insurance. Similar to flood insurance, we...

This study provides evidence of the presence of asymmetric information in the German long-term care (LTC) insurance market. While certain private information—individuals’ pessimism level and preference for insurance—contributes to advantageous selection, the major source of adverse...

The potential need for long-term care (LTC) is one of the greatest financial risks faced not only by the elderly but also by their adult children, who often provide care or financial assistance. We investigate adult children's role in the demand for LTC insurance. Similar to flood insurance, we...

A life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some recent studies find the two risks-longevity risk and long-term care risk-to be opposing and thus life care annuities advantageous in regard to pooling the two risks. Based on...