Whole Life

Term Life

Pension Savings

Unit Linked

Dependent Variable

PB

Independent Variables

CPI

0.10856

−0.13888

−0.32679

0.34523

(0.51153)

(−0.37379)

(−0.87868)

(1.15515)

U

0.333***

0.0322

−0.32948**

−0.01434

(4.00191)

(0.22104)

(−2.25946)

(−0.12233)

STR

0.53531

−0.32079

0.50215

−0.62478

(1.55595)

(−0.53259)

(0.83287)

(−1.28955)

CCI

−0.37322

−1.02218**

−1.64252***

−0.382

(−1.552)

(−2.42794)

(−3.89755)

(−1.12801)

LTR

0.04035

0.27541**

0.54878***

0.55802***

(0.57118)

(2.22665)

(4.43247)

(5.60869)

GDPc

−1.66813***

0.71856

0.02441

1.5974**

(−3.20942)

(0.78966)

(0.0268)

(2.18237)

Constant

0.37142

1.16132***

1.73803***

0.48207

(1.51784)

(2.71077)

(4.05294)

(1.39891)

Observations

144

144

144

144

Adjusted R Squared

0.63488

0.35678

0.45797

0.45164