Impact of Household Characteristics on Insurance Portfolios

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Abstract

This study examines the simultaneous relationships of age, income, number of earners, family size, and marital status with expenditures of life, home, health, and vehicle insurance. Married households with higher incomes purchased greater amounts of vehicle, home, and life insurance. Age had a positive relationship with health insurance for married and not married households but a negative relationship with vehicle insurance for married households. Number of earners was negatively related to health insurance for married households.

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APA

Shotick, J. A., Showers, V., & Lumpkin, J. R. (2015). Impact of Household Characteristics on Insurance Portfolios. In Developments in Marketing Science: Proceedings of the Academy of Marketing Science (pp. 209–213). Springer Nature. https://doi.org/10.1007/978-3-319-11885-7_50

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