Whole Life

Term Life

Pension Savings

Unit Linked

Dependent Variable

PB

Independent Variables

CPI

−0.02868

0.70764**

1.61016***

1.36171***

(−0.13049)

(2.45728)

(6.28207)

(6.13688)

U

0.22751***

0.38942***

0.19408**

0.24806***

(2.93372)

(3.83295)

(2.14626)

(3.1688)

STR

−0.6806**

0.92726**

0.71328*

0.16407

(−2.11699)

(2.2015)

(1.90268)

(0.50554)

CCI

−0.94169***

−0.42134

−0.7626**

0.00372

(−3.24175)

(−1.10711)

(−2.25137)

(0.01268)

LTR

0.05566

0.16337

0.31956***

0.30634***

(0.6911)

(1.54839)

(3.40298)

(3.76823)

GDPc

1.05165*

−0.81293

−0.71582

−0.79996

(1.94384)

(−1.14692)

(−1.13468)

(−1.46477)

Constant

0.97442***

0.4788

0.75879**

0.04152

(3.33902)

(1.25232)

(2.22987)

(0.14094)

Observations

156

156

156

156

Adjusted R Squared

0.51652

0.37880

0.60346

0.55243