Showers and Shotick (1994) [ 9 ] used the data of the US Consumer Expenditure Survey (CES) and found that the age of the household head, the household income, and the family size all had a significant positive impact on the demand for life insurance, and the positive impact of the household head age and the family size showed a decreasing trend.
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Family Life Cycle, Asset Portfolio, and Commercial Health Insurance Demand in China.
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