Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man.
In developed countries, an increase in the average age of the gravida has been documented. The mean age of primiparous women in Austria rose from 25 years in 1991 to 28 years in 2008. In Germany in 2006, most gravidas were between the ages of 30 and 34 years whereas in the 1970s, most babies were born to women aged 20â24 years.
As most people know, your age has a lot to do with how much you pay for life insurance. But you CAN use your age to your advantage in getting a better rate. To find out more âsaving your ageâ on your policy. For purposes of pricing their policies, term life insurance companies use one of two methods for calculating an Insuredâs age. âActual Ageâ is the terminology used by most laypersons to describe their own age â e.g. they are 36 until the day of their 37th birthday, at which time they are 37. âAttained Ageâ or âAge Nearestâ is terminology used by the majority of life insurance companies in North America. These two terms mean the age youâre closer to. Once you are past your half birthday, they consider you to be the age you will be on your next birthday.