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.
These are three very important factors in regards to life insurance. Greater age will equal greater cost of life insurance. The reason for this is simple: the more aged you are, the more likely it is that you will die.This is the second most important factor. Gender affects life insurance in a similar way.reater age will equal greater cost of life insurance. The reason for this is simple: the more aged you are, the more likely it is that you will die. This is the second most important factor. Gender affects life insurance in a similar way.