Hi everyone, this is the last episode of season 4 and of 2021. In this episode it is just me and I am answering a listener's question. Setul Metha contacted me a little while ago and asked if there was a chance that I could show how much age affects insurance premiums. Challenge accepted!

Now, I know that listening to me talking about lots of numbers and premium pricing, is maybe not everyone’s cup of tea. I’ve hopefully kept it nice and interesting for you. We will also be putting out a blog with tables that clearly show all the pricing.

The key takeaways:

• The cost of life, critical illness cover and income protection start to jump up once you are in your 40s.
• An example of clearly explaining the difference between reviewable and guaranteed premiums for long-term protection.
• The importance of an adviser being very careful over the use of the word ‘guaranteed’.

Next year we are back and kicking the year off with a Mental Health Awareness Week with the Institute and Faculty of Actuaries. For this week we are going to be putting out four podcasts about how mental health can be affected at different stages of the insurance journey. We will then also have a live webinar where you can quiz an adviser, actuary and underwriter all about mental health.

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my Protection Insurance in Practice course here.