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- Title
Asset allocation, human capital, and the demand to hold life insurance in retirement.
- Authors
Collins, Patrick; Lam, Huy D.
- Abstract
Much research has been done on the topic of asset allocation, human capital, and life insurance demand. Some researchers attempt to explain existing patterns of each within U.S. households; others propose optimal amounts of insurance and investment given a wide variety of life-cycle assumptions. We take a case by case approach to (1) warn against the dangers of applying general rules of thumb in the investment decision making process, and (2) to demonstrate how financial planners can use simulation based risk models to help investors answer the asset allocation question and the demand to hold life insurance question simultaneously.
- Subjects
UNITED States; ASSET allocation; FINANCIAL management; FINANCIAL planners; INVESTORS; PORTFOLIO management (Investments)
- Publication
Financial Services Review, 2011, Vol 20, Issue 4, p303
- ISSN
1057-0810
- Publication type
Article