International records / OpenAlex research

Perceived Demographic Mortality Differentials and Their Impact on Life Insurance Purchase Behavior in Lagos State

This study explores how people's perceptions of age, gender, education, and religious beliefs, referred to as perceived demographic mortality differentials, are associated with their decision to purchase life insurance in Lagos State, Nigeria.While financial ability is often seen as the primary factor influencing insurance purchase, this research highlights the significant role of individual beliefs about mortality, shaped by personal and cultural identity.Data were collected from 300 residents across three diverse communities in Lagos State using a structured questionnaire, with responses rat…