Supplement to "Private Information and Insurance Rejections"

Appendix A contains the proof of Theorem 1 and discusses Remark 1.  Appendix B provides proofs for the lower bound approach discussed in Section 4.1.  Appendix C discusses the data, including details for the covariate specifications and the sample selection.  Appendix D discusses the empirical specification for the lower bound estimator, presents the decomposition discussed in Section 6.3, and presents additional robustness checks referred to in Section 6.5. Section E provides details on the specification and estimation of the structural approach referred to throughout Section 7.  Finally Section F presents a selection of pages from the LTC underwriting guidelines of Genworth Financial.

Supplemental Authors: 
Nathaniel Hendren