Money Supply and the Money Multiplier. Money, either in the form of currency or as bank reserves, is a liability of the central bank. The central bank controls the monetary base, expanding or contracting it at will, according to the needs of the economy.
Whole life is also more expensive because of the costs of storing and investing your premium money. Unlike term, the money that you put into your whole life policy can be borrowed from the policy if you need it. Term policies only collect enough to cover the cost of your insurance, and have no cash value.
But the scale of the costs may be: Alzheimer's is the most expensive disease to treat, more expensive than cancer or heart disease, according to the research. How expensive? Try to the tune of $157 billion to $215 billion -- a year. That breaks down to roughly $41,000 to $56,000 per case, exclusive of costs for other chronic illnesses the person may have. The research comes from Rand Corporation economists and was sponsored by the National Institute on Aging.