Financial Information Sources, Consumer Decision Making, and Life Insurance Ownership

Consumers have an assortment of information sources available to them when making financial decisions. As information has become more readily available and less costly to access over time, the types of information that are relied upon by consumers have changed. Given that the choice of information s...

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Bibliographic Details
Published in:Journal of financial service professionals 2022-11, Vol.76 (6), p.41
Main Authors: Cole, Cassandra R, Fier, Stephen G
Format: Article
Language:English
Subjects:
Consumer behavior
COVID-19
Decision making
Insurance policies
Life insurance
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Summary:Consumers have an assortment of information sources available to them when making financial decisions. As information has become more readily available and less costly to access over time, the types of information that are relied upon by consumers have changed. Given that the choice of information sources can influence financial decision making, this article examines trends in the resources used by U.S. households when making financial decisions and specifically explores the sources most frequently used by life insurance policyholders.
ISSN:1537-1816
2381-8875