Details

Autor(en) / Beteiligte

• Tsen, Miao-Huei
• Miao, Jerry CY

Titel

Factors Affecting Demand for Long-Term Care Insurance

Ist Teil von

• Ren kou xue kan, 2013-12 (47), p.87-125

Erscheinungsjahr

2013

Quelle

Sociological Abstracts

Beschreibungen/Notizen

• Long-term care services can be divided into informal care and formal care. Family care, the informal one, is not only more common, but also the preferred mode for elderly people in Taiwan. According to the literature, preference for family care may affect the demand for long-term care insurance. This study investigated the family care preference, as well as other factors that affect the demand for long-term care insurance in Taiwan. The results are as follows: 1. Preference for family care did not affect the demand for long-term care insurance, and the availability of family care such as children and spouse had no statistically significant effect on the demand for long-term care insurance. 2. Middle-aged people had higher demand for long-term care insurance. 3. Respondents who earned less than NT80,000 per month had higher demand for long-term care insurance, although they had limited ability to pay premiums. 4. Middle-income respondents had higher demand for long-term care insurance, as long-term care insurance acts as an asset protection instrument. 5. The perception of the long-term care issues and education also affected the demand for long-term care insurance. Adapted from the source document.