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 …

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 …

Health insurance status can change over the life cycle for exogenous reasons (e.g. Medicare for the elders, PPACA for … younger agents, termination of coverage at retirement in employer-provided plans). Durability of the health capital …, endogenous mortality and morbidity, as well as backward induction suggests that these changes should affect the dynamic life …

of a health shock that significantly increases his probability of dying. The family can buy term life insurance with …

This study uses the most recent wave of the Health and Retirement Study (HRS) to examine participation of aging …