Mind the gap!

So, what is the perfect storm of factors that makes our forties so different from other ages?

One reason is that our bodies are less resilient to injury, disease and cancer cells than before. This leads to more instances of injury and serious diseases like cancers, heart disease, stroke and diabetes.2

Plus, at the same time as our bodies are less able to cope with stress and pressure, we’re often also hitting our highest level of personal and financial responsibilities with mortgages, kids and careers.

Ironically, itsbecause our forties are one of the most expensive and stressful times in our lives that we could be tempted to reduce our outgoings on things like trauma insurance.

This could be the reason for a worrying phenomenon: the forties ‘insurance gap’.

We found that the average age people let their insurance cover lapse was 44 – but the average age of making a trauma insurance claim was 49.1 That means a gap between when some people stop having trauma insurance cover and when they’re most likely to need it.

Fighting an unexpected serious illness or injury is tough enough without added financial pressure during your recovery. By giving you a lump sum payment that could help cover living and medical expenses, trauma insurance protects your ability to keep a roof over your family when you’re hit by illness or injury.

We all want to be healthy, but it’s a good idea to have a back-up plan. Your teenage self might have thrown caution to the wind, but you’ve come a long way since then. You’re not just older now – you’re smarter too.

Whatever age you are, talk to your financial adviser or call the Asteron Life Customer Service Team on 1800 221 727 about affordable payment options and to be sure you’ve got the right insurance cover.