With sunshine, beaches, beautiful landscapes to hike and plentiful sources of healthy food in Australia, most would think we have the best lifestyle to keep fit and healthy.

We’re lucky enough to have an education system that teaches awareness of health and wellbeing, yet many of us are out of shape… and this doesn’t seem to be improving.

The most common causes of death in Australia are now topped by heart disease and cancer. And despite research and advertising campaigns to encourage a healthy lifestyle, they’re actually becoming more prevalent in our society.

  • Cardiovascular disease affects 1 in every 5 Australians and 2 out of 3 Australian families. By 2051, that’s expected to increase to 1 in 4 Australians[1].
  • Diabetes is Australia’s fastest-growing chronic disease, with 275 Australians developing the disease every day[2].

weigh up the benefits

Of course, some of these figures are attributable to the ageing portion of our population. However, the alarming fact remains that it is mainly due to the risk factors for chronic disease; poor diets and a lack of physical activity.

Risk factors such as being overweight, smoking, lack of exercise and excessive alcohol consumption are definitely contributing to the increase in these chronic diseases, but these are all habits that can be changed. The risk of cardiovascular disease and type 2 diabetes can be dramatically minimised by altering our behaviours – in fact a 5% weight loss can even reduce the risk of heart disease.[3]

Dealing with life insurance, we see the impact that these illnesses have on our clients and their families every day. We are glad to help people recover financially when they are unexpectedly thrown into this situation, but we’d be much happier knowing that it’s not happening in the first instance.

fuel your body with love

Reduce the risk of disease… whilst reducing premiums at the same time!

The calculation of your premium for life insurance often takes into account a number of factors, including your age, gender, blood pressure, smoking status, BMI (body mass index), cholesterol and blood glucose levels. ‘Loadings’ can be applied to your premium if you fall into a high-risk category. Putting it bluntly, this means that you pay extra money for insurance each year for being unhealthy.


Can you see how this is all relative now? If you change your lifestyle to be healthy and fit, you could reduce your high-risk factors for serious illness, and also potentially reduce your insurance premiums. Ask your insurance company to re-assess your situation and you could reduce or remove your loadings altogether!

Saving yourself money and also achieving a better quality of life with a reduced risk of disease; it’s clearly a win win situation. By changing your behaviour early, you’ll create good habits that hopefully stay with you for the rest of your life.

If you’d like to discuss how you can improve your lifestyle, and potentially reduce the cost of your insurance, make an appointment to come in for a review.

Call MG Financial Services on 03 9523 6500 or email us at reception@mgaccountants.com.au


[1] ‘Cardiovascular Disease, 2011, National Health and Medical Research Council, viewed 3 June 2012

[2] ‘Diabetes in Australia’ – Diabetes Australia website, www.diabetesaustralia.com.au

[3] Australian Institute of Health and Welfare: Cardiovascular disease Australian facts 2011