In spite of this positive trend, the majority of premiums are for men. Although many would agree females are the fairer sex, men aren't the only ones to be hit by ill health.
According to a recent report by the Australian Institute of Health and Welfare cardiovascular disease (CVD), heart failure and coronary heart disease (CHD) are the leading causes of morbidity and mortality amongst both men and women. Sadly, roughly 2 million Australian women have CVD, about 226,000 women have CHD, 168,000 have had stroke and 176,000 have heart failure.
On a more positive note, men and women have the ability to reduce their risk of ill health by modifying their lifestyle. Increasing physical activity, eating better and losing weight are known means of reducing the risk heart disease.
Evidence suggests more than 90% of Australian women have at least one modifiable risk factor for CVD. Half of all Australian women have two or three...
The moral of the story is two-fold.
Firstly, both men and women are at risk of developing heart disease. For this reason, take time out to asses your health. Can you decrease your risk factors for heart disease by modifying your activity and diet?
Secondly, consider the financial impact of ill health. Taking life insurance and/or income protection is a relatively simply measure to safe guard you against financial distress.