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Why do the French not purchase more long-term care cover?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Plisson, Manuel |
| Copyright Year | 2011 |
| Abstract | Only 8% of people over forty are holders of a long-term care (LTC) insurance policy in France. In view of the financial risk caused by the dependence of elderly people, this rate of coverage seems very low. Moreover, public mechanisms don’t cover all the needs. This article aims to explain this situation using data from companies, for the first time in France. It studies the determining factors of demand for LTC insurance in order to provide a solution to this paradox. This article is organised into the following sections: Section 1 presents the characteristics of the risk of dependence and an estimation of the cost of care. It shows that despite the importance of this financial risk, the market is struggling to develop. Section 2 presents some explanations in a literature review. Section 3 studies the determining factors of the demand for LTC insurance in France using original data. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.scor.com/images/stories/pdf/scorpapers/sp15_en.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |