This study investigates the impact of financial literacy on consumers' intention to purchase
life insurance policies with a framing effect. Although life insurance companies use framing …

Flooding is the most common and costly natural disaster, with losses escalating due to
climate change. For millions of US homes exposed to flood risk, property‐level investments …

Term life insurance contracts differ from one another: private information level asked to
applicants, options presence in the contract, or claim payment type. Understanding how …

Life insurance offers financial protection for families in case of the unexpected death of the
insured and helps them achieve long-term saving goals like retirement planning or …

In insurance industry, product disclosure statements (PDSs) consist of descriptions of
uncertain contingencies by the insurance plans (eg,“hospital coverage”,“dental coverage” …

We analyze an insurance demand experiment conducted in two different settings: in‐person
at a university laboratory and online using a crowdworking platform. Subject demographics …

Financial companies often use disclosure statements (DSs) to categorize uncertain
contingencies into different sections (eg, a health insurance plan includes sections such as …