The study looked at how people's willingness to take financial risks is related to owning life insurance and long-term care insurance in Europe. They found that people who are more willing to take financial risks are more likely to have both types of insurance. This connection is stronger for whole life insurance compared to term life insurance and long-term care insurance. Even when looking at different groups of people, the results still hold true for life insurance. However, the relationship with long-term care insurance is not as clear. The findings suggest that traditional ways of thinking about insurance choices may not fully explain why people choose to buy insurance.