Life insurance as an alternative source to meet the needs of the population

• Main Author: Olha R. Kryvytska
• Format: Article
• Language: Ukrainian
• Published: V. N. Karazin Kharkiv National University 2017-12-01
• Series: Соціальна економіка
• Online Access: https://periodicals.karazin.ua/soceconom/article/view/9770/9293

In the article, the main quality of life indicators of the population is being analysed. The positioning of Ukraine in the world on the basis of social development index is discovered. On the basis of the analysis of the current state of affairs and the paces of growth of the minimum salary, averagmonthly salary and the average monthly pension, the inability of the state to provide the necessary level of life of the population is proved. On the basis of the Kaitz index, the inconsistency of level of salary in Ukraine with the European and international standards is defined. The necessity of independent creation of financial resources by citizens, which, in the future, will guarantee an adequate level of life due to the ability to fulfil the needs of a higher level in accordance with the Maslow's hierarchy of needs is argued. The arguments of the expediency of application of life insurance for the formation of self-sufficiency resources are adduced.