The Adequacy of Life Insurance : Evidence from the Health and Retirement Survey

@inproceedings{Bernheim1999TheAO,
  title={The Adequacy of Life Insurance : Evidence from the Health and Retirement Survey},
  author={Bo-G{\"o}ran Bernheim and Lorenzo Forni and Jagadeesh Gokhale and Laurence J. Kotlikoff},
  year={1999}
}
This study examines life insurance adequacy among married American couples approaching retirement based on the 1992 Health and Retirement Survey with matched Social Security earnings histories. It evaluates each household’s life insurance needs based on new financial planning software that embodies a life-cycle-planning model and covers a broad array of demographic, economic, and financial characteristics. A sizable minority of households are significantly underinsured. Almost one third of… CONTINUE READING