Welcome to the Academy of Financial Service’s 2019 Annual Meeting being held in Minneapolis, Minnesota in conjunction with FPA’s Annual Conference 2019. This is the full agenda for AFS. For details on FPA items, visit their Full Schedule. Please report any errors to support@academyfinancial.org.
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Wednesday, October 16 • 4:45pm - 5:45pm
H1a Life Insurance Ownership – A Perspective from Relationship Quality

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Life insurance is commonly used to protect future human capital earnings. Factors related to life insurance ownership is well studied in the literature. Liebenberg, Carson, and Dumm (2012) provided a thorough summary of the variables used in the literature. Using the Health and Retirement Study (HRS) leave behind survey, this study is the first to add behavioral factors, to our knowledge, of spousal relationship as a measurement factor regarding life insurance ownership. For the same reason, this study focuses on life insurance ownership with the spouse as the beneficiary. The results suggest that the quality of relationship quality with the spouse is a strong and dominating factor of life insurance ownership. In other words, most individuals are motivated to protect the spouse from potential premature death. The impact of spousal relationship quality is much larger than traditionally explored objective factors.

Author(s): Janine Sam, Yuanshan Cheng, Philip Gibson, Tao Guo

avatar for Janine Sam

Janine Sam

Assistant Professor, Shepherd University
As an early career researcher and academic, I am engaged with current financial planning issues that are relevant and applicable to both consumers and financial planning practitioners. I oversee the Financial Planning program at Shepherd University, and I am currently teaching Risk... Read More →

Wednesday October 16, 2019 4:45pm - 5:45pm CDT
201 A

Attendees (4)