Research on Residents’ Willingness to Purchase Long-Term Care Insurance-- Based on the Field Survey of Jingmen City

DOI

10.2991/978-2-38476-297-2_136How to use a DOI?

Keywords

long-term care insurance; willingness to participate in insurance; population aging; logistic regression analysis

Abstract

With the deepening of the degree of aging, the number of disabled people and family medical and care expenses are increasing significantly. As a way of link nursing pressure, the system construction of long-term nursing insurance has become the key project of ensuring people’s livelihood in our country at present and even in the future. In order to understand the residents’ willingness to buy, this paper takes Jingmen City as an example to explore the residents’ willingness to buy long-term care insurance and its influencing factors. Through Logistic regression analysis, it is found that the willingness to buy long-term insurance is higher, but the respondents have a low understanding of it; the payment methods of long-term insurance are required to be diversified, but the acceptable annual premium is relatively low; age, the number of children and family members, other insurance purchases, the degree of worry about the disability of the elderly, the potential benefits of long-term insurance, and the intensity of policy compensation all positively affect Dongguan residents’ willingness to buy long-term insurance. Based on this, this paper suggests: to promote long-term care insurance through multiple channels to improve residents’ awareness of insurance types; to set up a reasonable financing mechanism to increase financial support; to provide diversified services to improve the quality of nursing services.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jiayi Kong
AU  - Yijun Dong
PY  - 2024
DA  - 2024/10/31
TI  - Research on Residents’ Willingness to Purchase Long-Term Care Insurance-- Based on the Field Survey of Jingmen City
BT  - Proceedings of the 2024 8th International Seminar on Education, Management and Social Sciences (ISEMSS 2024)
PB  - Atlantis Press
SP  - 1144
EP  - 1156
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-297-2_136
DO  - 10.2991/978-2-38476-297-2_136
ID  - Kong2024
ER  -