According to ‘A Hitchhiker’s Guide to the Galaxy’, the answer to life, the universe and everything is 42. This is possibly because it’s the age many men stop and think about their lives, since 42 is the average age for the first coronary crisis men face!

Once you have suffered a coronary problem, be it a case of palpitations, high blood pressure or a mild heart attack, any increased cover or new life insurance will be subject to loaded premiums or even exclusions for heart related conditions.

With advances in medical science, the majority of heart-attack sufferers now survive the experience, which usually requires them to take a few months (or even years) off work. The financial downside of this can of course be covered by adequate policies such as Income Protection and Trauma cover.

So if you are over 42, the odds of a coronary problem due to our sedentary lifestyles and modern eating patterns are rising substantially every year. Add to this the cost of supporting your lifestyle or that of your surviving family.

It definitely pays to have an insurance review at least bi-annually. You can also reduce the cost of life insurance by looking for policies that allow what is called ‘level-premium’. This is a constant amount paid each year rather than it increasing with age. You pay a little more to start with but after a while you will be paying considerably less.

By: Paul Watkins

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