The Demand for Life Insurance in Mexico and the United States: A Comparative Study

Abstract

This study compares the demand for life insurance in Mexico with that in the United States. It provides a brief historical perspective on the growth of life insurance purchases in the two countries and employs regression analysis to estimate life insurance demand functions. The principal findings are that age, education, and level of income affect the demand for life insurance and that the income elasticity of demand for life insurance is much higher in Mexico than in the United States.